Name any two factors responsible for economic inequality in India
Answers
Causes of Inequality of Income and Wealth in India
Inequality in the ownership of assets,
Laws of inheritance,
Cost of professional training,
Inflation,
Unemployment,
Tax evasion,
Corruption and smuggling,
Greater Burden of indirect taxation or regressive tax structure.
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Explanation:
The two reasons for inequality in India would be :
Historical Reason: When th British came to India India stopped creation of handicrafts and other cultural economic activities and focused on growing cash crops and producing goods such as clothes etc.. This led to high rates of unemployment and further to poverty
Socioeconomic reason : In India we follow a lot of customs and traditions and sometimes we ard forced to follow these traditions by society itself.Such as in the case of a farmer whose daughter he has to marry off, He takes loans from landlords to host the wedding lavishly and will never be able to repay them leading to poverty