what are the reasons for inequality India
Answers
Your answer✅️✅️
The main reason for low level of income of the majority of Indian people is unemployment and underemployment and the consequent low productivity of labour. Low labour productivity implies low rate of economic growth which is the main cause of poverty and inequality of the large masses of people. In fact, inequality, poverty and unemployment are interrelated. Since sufficient employment could not be created through the process of planned economic development, it was not possible to increase the income levels of most people.
Another cause of inequality is inflation. During inflation, few profit earners gain and most wage earners lose. This is exactly what has happened in India. Since wages have lagged behind prices, profits have increased. This has created more and more inequality. Moreover, during inflation, money income increases no doubt but real income falls. And this leads to a fall in the standard of living of the poor people since their purchasing power falls.
Property is the very basis or cause of inequality of incomes. First a man earns and acquires property; and then his property starts earning. That is why some earn less and others more. Differences in property lead to differences in incomes.
The most common form of inequality in India is the caste system.