Article 38 (2) in the Directive Principles of State Policy enshrines the ideal of equitable growth by directing the state to reduce income inequality gaps by preventing the concentration of wealth in a few hands. In direct contrast to this socialist vision, India today counts itself as one of the three nations having the highest level of income inequality. Its 50-55% of national income is accumulated by the upper ten percent of the population, as reported by Oxfam (2019).
To combat this income inequality, and the consequent plagues that accompany it—poverty, malnutrition, unemployment—the Economic Survey of India (2016-17) addressed the […]
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