Income Inequalities In India: Pre And Post Reforms Period

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 4

Year of Publication : 2020

Authors : Dr. Manju Yadav, Mrs. Alpna Yadav

10.14445/23939125/IJEMS-V7I4P102

How to Cite?

Dr. Manju Yadav, Mrs. Alpna Yadav, "Income Inequalities In India: Pre And Post Reforms Period," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 4, pp. 6-11, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I4P102

Abstract:

“The small gains of development seem to be monopolized by the upper-middle and richer section of the society, leaving the lower middle and poorer sections more or less untouched by the process of development. "Dandekar and Rath Inequality is a multidimensional approach, including access to health, a fair justice system, education, and a safe environment for the masses. This paper focuses only on income and wealth inequality to measure inequality in the country. In the earlier phase of economic planning,the elimination of disparities in income distribution was one of the proclaimed objectives of the government in India. Plan documents and policy declarations of the state from time to time indicated various measures for reducing income inequalities. However, in the era of economic reforms, liberalization, privatization, and globalization policies have led to a dilution of equity goals. Hence, since the beginning of the 1990’s all the measures that could improve income distribution have been undermined. The various measures undertaken by the government have made little impact on poverty and thus income inequalities for perpetuating in their ugliest form. In the liberalization decade, the government has abandoned even the hypercritical commitment to reduce income inequalities, andits results are in the way of rapidly increasing income inequalities during 1990. This paper discusses the trend of growing inequality in India from 1950 to 2014. It also identifies the causes of income inequalities in the country. Lastly, the articles suggest some practical measures to reduce income inequalities.

Keywords:

Economic reforms, Gini index, income, inequality.

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