Major Dimensions of Inequalities in India: Taxation
In the last few decades, across the globe, not only has inequality in income persisted, it has also been growing over time. In the case of India too, there has been a considerable increase in inequality with the spending gap between the rich and poor almost doubling in the last five years. A large part of the increase in inequality in India can be explained by the kind of policies adopted in the country. Taxation policy, which is an important tool to address this problem, is one such area that has not been used effectively in India. As a result, this has also contributed to the problem of growing inequality in the country.