What is the impact of income inequality on society in India
Explain the consequences of income inequality in Indian society.
The impact of income inequality on society in India has several consequences:
- 1. Poverty: Income inequality leads to a significant wealth gap, leaving a large portion of the population in poverty. This leads to limited access to education, healthcare, and basic amenities.
- 2. Social unrest: Income inequality often creates a sense of injustice and frustration among the less privileged sections of society. This can result in social tension, protests, and even violence.
- 3. Education divide: Income inequality affects educational opportunities. The poor often struggle to afford quality education, limiting their ability to improve their social and economic mobility.
- 4. Health disparities: The wealthy can access better healthcare services, while the poor are deprived of adequate medical attention. This leads to increasing health disparities and a higher mortality rate among the poor.
- 5. Political instability: Income inequality can undermine trust in institutions and political processes, fostering political instability and unrest.
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