What factors can be attributed to the growing inequality in india?
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Actually, India is being intoxicated by this grand fabrication of the “world’s fastest growing economy”. We need to reckon that the reasons of wealthy people becoming wealthier are far too many (more opportunities, better valuations of their wealth, stringent and stricter control on resources, wielding of influence on polity and policies).
On the other hand, the wealth of the poor is growing at a much slower pace, as they remain rooted in the defensive mode.
As our growth-loving state regimes are fast relinquishing their constitutional duty of a welfare state, it is imminent that the yawning economic disparity is going to widen further and our 90 per cent people will be pushed further to the brink of poverty.
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