Causes Of Income Inequality In India Pdf

As a result inequality in the distribution of income in the rural areas has increased.

Causes of income inequality in india pdf. Pdf unfortunately the social reality of india continues to be one of widespread deprivation and inequality one that is difficult for a child or. By 2010 india s top 10 controlled nearly 30 of india s assets and the share of the. Most farmers in india could not enjoy the benefits of higher agricultural produc tivity. In advanced economies the gap between the rich and poor is at its highest level in decades.

In 1994 the top 10 of india s population and the bottom 40 controlled the same portion of india s wealth around 25. Theories of income distribution have been in the literature of economics from before adam smith to the present day. Inequality has been an important issue in development debates. In the present paper an attempt has been made to examine the problem of gender inequality in south india in this process the paper not only discusses the extent causes fitness and consequences.

Development can not be discussed without talking about inequality. The report by world economic forum and oxfam for india4 reiterates the growing divide. I fixing minimum wage. It is estimated that the richest 20 populace in india now make 12 times more of what the poor 20 populace does.

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. In addition to this the income growth of the rich and the middle class indians has grown by 9 since the 1990s. Causes and consequence of inequality 4 international monetary fund executive summary we should measure the health of our society not at its apex but at its base andrew jackson widening income inequality is the defining challenge of our time. 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.

This is the geographical facet of income inequalities for the country as a whole. Despite this rapid growth india has had high levels of income inequality. Various measures have been adopted by the government during the plan period to reduce in equality in the distribution of income. Analysis of income inequality in india.

In the recent years india has joined the club of most unequal countries. India also has decided to set up a socialistic pattern of society. Ricardo characterises income distribution as the principal problem of economics sandmo 2015.