How unequal distribution of income and wealth has become the major cause of poverty in india
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One half of India's income gets diverted towards the production and development of weapons
This is the cause of poverty in India
This is the cause of poverty in India
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As of Nov 2016, India is the second-most unequal country in the world. [1] The richest 1% of Indians own 58.4% of wealth. The richest 10 % of the Indians own 80.7 % of the wealth. This trend is going in the upward direction every year, which means the rich are getting richer at a much faster rate than the poor.[1]Inequality worsened since the establishment of income tax in 1922, overtaking the British Raj’s record of the share of the top 1% in national income, which was 20.7% in 1939–40.[
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