#GS3 #Economy INEQUALITIES AND INCLUSIVE GROWTH Status o | CSE MAINS BOOSTER
#GS3 #Economy
INEQUALITIES AND INCLUSIVE GROWTH
Status of Inequality in India
Income Inequality: India’s top 10% of the population holds
74.3% of the total national wealth.
India's richest 1% of the population hold 42.5% of
national wealth while the bottom 50%, the majority of the population, owns a mere 2.8%
Wealth Inequality: Wealth inequality in India is rising
with the Gini wealth coefficient having risen to 83.2% in 2019 from 81.2% in 2008.
The wealth of the top 1% increased by 46% in 2018
while the bottom 50% saw wealth increase at just 3%.1
Social Inequality: In India, one of the most distinctive forms of social inequity come within the spheres of
gender and caste, where, people coming from the marginalized sections of these social categories, are directly impacted in terms of their opportunities, access to livelihood, education and health facilities.
For example: In India, poor women and girls put in ₹19 trillion of unpaid care work every year. The
unequal distribution of unpaid care work, effectively, allows men to participate in the
labour market while limiting a
woman’s capacity to do the
same.
A new generation of inequalities is emerging, with divergence in
enhanced capabilities. For instance, access to more advanced knowledge and technology are widening.
E.g. the proportion of the adult
population with tertiary
education is growing more than
six times faster in very high
human development countries
than in low human development
countries, and fixed broadband
subscriptions are growing 15 times faster.
https://t.me/csemainsbooster
