Causes Of Income Inequality In India
With this end in view the government strives to prevent the concentration of wealth and income in a few hands.
Causes of income inequality in india. Ditikhyadeka ditikhyadeka in india there are many causes of inequality but the main causes are gender religion and cast. The following are some of the measures which can be suggested to reduce inequality of incomes. This is the geographical facet of income inequalities for the country as a whole. On the basis of gender mostly females are discriminated against.
Analysis of income inequality in india. In the recent years india has joined the club of most unequal countries. They were not equally treated as male. The main reasons are the following.
Of the large many at the bottom rung of incomes a very great proportion lives in the poor backward states regions and most of the few at the top live in the high income states regions. Growth factor as development proceeds the earnings of different groups rise differently. India also has decided to set up a socialistic pattern of society. India is the second populous country in the world and the leading democracy in the world.
22 mar 16 4 causes of income inequality in india 1. In india inequality in the distribution of in come has increased for various reasons. By the end of 2015 india had the lowest income inequality among brics countries even though it is still high when compared with developed nations in the world. Causes of inequalities of income.
Taking into consideration the colossal differences in income among the people in an economy the question arises about the causes of this inequalities. The first and the foremost cause is the present economic order. India being a mixed economy has guaranteed the right to private property to its people accordingly tangible wealth like land. As a result inequality in the distribution of income in the rural areas has increased.
I fixing minimum wage. Based on the new india human development survey ihds which provides data on income inequality for the first time india scores a level of income equality lower than russia the united states china and brazil and more egalitarian than only south africa. The incomes of the upper income and middle income groups rise more rapidly than those of the poor during the early stages of growth through which india is passing at present shift of population from. Causes and effects of income inequality in india.
A private ownership of property. Here we detail about the three causes of income inequalities in india i e 1 private ownership of property 2 prevalence of the law of inheritance and 3 other causes.