Why is there inequality in india?Give example.3m
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hey!
Explanation:
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. ... Rising income inequality makes it difficult for the poor to climb up the economic ladder and increases their risk of being victims to poverty trap.
Unemployment: ADVERTISEMENTS: ...
Inflation: Another cause of inequality is inflation. ...
Tax Evasion: In India, the personal income tax rates are very high. ...
Regressive Tax: ADVERTISEMENTS: ...
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