A STUDY ON WEALTH INEQUALITY IN INDIA
This paper is based on what are the reasons behind the wealth inequality in India. India has seen a declining trend in measures of poverty in the post-1991 period. In India, income inequality increases with economic development in India. Today the top 1% of people have 40.6% of national wealth and the bottom 50% of people have only 3% of national wealth.S We discuss how we can change inequality to equality through the taxation of taxes such as inheritance tax, windfall tax, etc.