Critically analyse the impact of capitalism on socio-economic inequality in India. Discuss the measures that can be taken to address these disparities while fostering economic growth.
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Critically analyse the impact of capitalism on socio-economic inequality in India. Discuss the measures that can be taken to address these disparities while fostering economic growth.
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Capitalism has had a profound impact on socio-economic inequality in India, exacerbating existing disparities and creating new ones. The country's transition to a market-based economy in the 1990s has led to rapid economic growth, but it has also widened the income gap between the rich and the poor.Read more
Capitalism has had a profound impact on socio-economic inequality in India, exacerbating existing disparities and creating new ones. The country’s transition to a market-based economy in the 1990s has led to rapid economic growth, but it has also widened the income gap between the rich and the poor.
Causes of inequality:
Impact on socio-economic inequality:
Measures to address disparities while fostering economic growth:
To address socio-economic inequality in India, it is essential to adopt a multi-faceted approach that addresses the root causes of inequality while promoting inclusive economic growth. By investing in education, social protection programs, regulatory reforms, and inclusive economic policies, India can reduce disparities and create a more equitable society.
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