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Source: The Hindu
"Income and Wealth inequality in India" published by World Inequality Lab.
As I have already discussed in class that Inequality increases after reforms but once Govt. starts focussing on education and health and infrastructure it may start declining. In India too, inequality increased post LPG reforms (in 1991) but now since there is a very strong focus on infrastructure (and other reforms) which may lead to a boom in manufacturing and creation of more productive and formal jobs resulting in reduction in inequality in future years. And you can also see from the Chart 2 and 3 that inequality is not increasing at the rate at which it increased in the post reform period.
Inequality generally expressed in terms of either income or wealth.
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