Economic Inequality Measurement ,Causes, Consequences, and Policy Implications With special reference of India

Abstract

Abstract— This paper provides a comprehensive literature review of the relationship between income inequality and growth of country with a special reference of India . The paper includes Measurement ,Causes, Consequences, and Policy Implications In the theoretical literature, I identified various models by which income inequality can be measure and what position India reserve? Literature review causes of inequality and how it effects the society. we found that the income inequality have a negative effect on growth of people and it is highly debatable. Theoretical and empirical literature is reviewed and synthesis is done to understand the income inequality-growth nexus

Keywords: Inequality • Gini Coefficient , Palma ratio