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Research on Wealth disparity in India and the parameters leading to Wealth disparity.

  • Unique Paper ID: 174560
  • Volume: 11
  • Issue: 11
  • PageNo: 9-15
  • Abstract:
  • Considering India's economic development, wealth inequality is still an issue. This paper considers main determinant factors of wealth inequality like for example, levels of education, sources of income, ownership of assets, caste, and access to financial services. Using demographic data, governmental reports, and National Sample Survey Office surveys, we assess wealth distribution patterns and public attitudes around wealth discrepancy. The analysis depicts that lower levels of education, lack of access to financial services, and historical disadvantages related to with caste has resulted in some groups being able to accumulate wealth disproportionately. We contend that wealth inequality shall worsen in the absence of proactive interventions and will lead to further economic and political problems in India. Wealth inequality in India has persisted even if the economy has seen a steady growth for decades. Influenced by the long lasting historical, social, and structural disparities. This paper explores how economic policy, urbanisation, gender, and intergenerational transmission of wealth fuel these inequalities. The study shows that although economic liberalisation has accelerated GDP growth, it has mainly been advantageous to privileged urban elites. Unequal access to online financial services and job discrimination further increases wealth concentration.
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  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 11
  • PageNo: 9-15

Research on Wealth disparity in India and the parameters leading to Wealth disparity.

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Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

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