Question

What has been the impact of continuously increasing economic disparity in India?

Answer 1

Answer:

Increases in the level of income inequality have a negative long-run effect on the level of GDP per capita. ... The estimates from the interaction model thus suggest that in poor countries, increases in income inequality raise GDP per capita while the opposite is the case in high- and middle-income countries.

Explanation:

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Answer 2

Answer:

Impact. India's economy continues to grow with its GDP rising faster than most nations. But a rise in national GDP is not indicative of income equality in the country. The growing income inequality in India has negatively impacted poor citizens' access to education and healthcare