What are the key factors that contribute to income inequality in India
Congress attacks government on issue of income inequality.
- 1. Economic disparities: India has a vast informal sector and a large portion of the population remains engaged in low-skilled, low-wage occupations. The lack of access to well-paying jobs exacerbates income inequality.
- 2. Unequal distribution of wealth: A significant concentration of wealth in the hands of a few individuals or families widens the income gap. This may stem from historical factors or unequal access to resources and opportunities.
- 3. Education and skills gap: Limited access to quality education and skill development programs restricts individuals from acquiring the necessary qualifications for higher-paying jobs, perpetuating income inequality.
- 4. Gender inequality: Women in India face systemic discrimination in terms of workforce participation, wage disparities, and limited access to resources, contributing to income disparity between genders.
- 5. Urban-rural divide: Income disparities are magnified by the significant gap between urban and rural areas. Access to quality jobs, infrastructure, and services tends to be better in urban areas.
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