Discuss the economic inequality and unemployment in India.
There is significant inequality in India. One measure of income inequality is the share of wealth owned by the richest 10% of people. In India, the richest 10% own over 80% of the wealth. The Gini coefficient, which is a standard measure of inequality, in 0.34 in India, which indicates a moderate degree of inequality.
Unemployment is also a significant problem in India. Currently, India has over 31 million jobless people. The unemployment rate is about 3.5%.
Unemployment is also a significant problem in India. Currently, India has over 31 million jobless people. The unemployment rate is about 3.5%.