mention one major reason behind huge income iniquality
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Main reason is uneven and poor growth factor and inadequate employment as stated below: Growth Factor: As development taking place in India it is observed that therise in earnings different for different group of people. The rise of incomes of the upper and middle-income groups is more rapid than those of the poor.
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- (i) Inequalities Arising Out of Concentrated Land Ownership and Concentration of Tangible Wealth in the Rural Sector
- (ii) Private Ownership of Industries, Trade and Real Estates
- (iii) Inequalities in Professional Knowledge and Training
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