Unravelling the gap between the rich and poor
India has one of the widest spectrums of wealth among its people in the world. In a country that is rich in culture and tradition, economic inequality is a huge hindrance to unlocking the potential that the citizens of India possess. Income inequality is a growing concern in India, with the richest 1% of the population holding more than 50% of the country's wealth. Approximately 15% of India's population is considered to be in a state of multidimensional poverty. There are important social and economic ramifications to this growing wealth disparity that needs to be addressed and rectified. The unequal distribution of resources and wealth is one of the primary reasons for income inequality in India. Due to the nation's long history of colonization and the caste system, there is still a system of privilege and prejudice in place. There is a cycle of inequality running rampant throughout India, a cycle that can only be broken with the collaborative efforts of all ...