Income Gap Between Rich And Poor In India

That is completely wrong.

Income gap between rich and poor in india. The gap between rich and poor can t be resolved without deliberate inequality busting policies and too few governments are committed to these. The richest 10 of indian society have seen highest growth while the poorest 10 have seen the slowest increase in incomes. The poor mostly stayed poor. At the other end of the pyramid the poorer half jostles for a mere 4 1 of national wealth.

India is no stranger to income inequality but the gap is widening further. Commenting on the study oxfam india ceo amitabh behar had said. Gap between poor and rich is a big issue in india. Countries especially like india faces a great deal of unequal distribution of wealth.

Gap between rich and poor and increased. The study added that india s top 10 per cent of the population holds over 74 of the total national wealth. Last year s survey had showed that india s richest 1 held 58 of the country s total wealth which was higher than the. Today the richest 10 in india controls 80 of the nation s wealth according to a 2017 report published by oxfam an.

In india the richest 1 own 53 of the country s wealth according to the latest data from credit suisse. The main reasons for this include the people leaving behind an immense properties to their inherits private property possession is another reason difference in natural quality can be considered as one of the reasons. I find it astonishing and quite depressing that none of the respondents to this question so far august 5 2015 has bothered to challenge the premise of the question that the poor are getting poorer in india. The rich got richer.

It has been in the list of main agenda of most of the big political parties in country and even now it is listed in the agenda but unfortunately there are not much progress in this regard although government and some ngo are actively taking part on activities which are really very good to push. The remaining 80 of the people have seen roughly the same levels of growth ranging between 35 and 40 in rural areas and between 40 and 50 in urban areas over 12 years. What s more things are getting better for the rich. In 1990 point out praveen chakravarty and vivek dehejia of the idfc institute a think tank india s three richest large states had incomes just 50 higher than the.