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Income Inequality in India

  • Recently, India has become a part of the most unequal countries.
  • India scores level of income equality lower than Russia, the United States, China.
  • India is a nation where the 1% richest people holds 53% of the total wealth.
  • On the other side, only 4.1% of the country's wealth is held by the poorest.
  • The incomes of the upper class and middle class grow more rapidly than the lower class people.
  • The main cause of income inequality is Unemployment. People off lower class are not getting the opportunities of getting employed.
  • In India, there are more poor states than top class regions. These upper class people have controlled major portion of assets under them.It leads to inequality
  • Rich people have dominated the Indian economy as the trading in black market has also increased.

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