Question

write a note on the nature of economic inequality in india? don't no

Answer 1

Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries. Economic inequality sometimes refers to income inequality, wealth inequality, or the wealth gap. Economists generally focus on economic disparity in three metrics: wealth, income, and consumption. The issue of economic inequality is relevant to notions of equity, equality of outcome, and equality of opportunity.
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Answer 2

Answer:

Economic inequality is a hindrance to the process of growth and development in India. Even though there is an economic growth in India, it is not able to reduce the growing inequalities of the Indian society. Our development strategies failed to reduce the extent of regional and sectoral inequalities. Domestic and foreign investments are not directed to backward regions of the country. Already developed states are found to be preferred destination of investment.

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