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Neglect of Growing Income and Asset Inequalities: A Flaw in Public Policy Discourses in India

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  • S. L. Shetty

Abstract

The article seeks to flag a fundamental flaw in public policies in India, namely, the neglect of growing inequalities in income and asset distributions and their causes and consequences. The article sets out a series of direct and indirect indicators of income and asset inequalities: inter-sectoral inequalities between rural-urban and farm and non-farm incomes, inter-state inequalities, gross inequalities in the distributions of urban incomes as per income-tax revenue statistics and explosive increases in remunerations of company executives. It has been pointed out that both in conception and actual implementation of the “inclusive growth†strategy, serious compromises have been made and inequalities have got worsened. In this respect, the article quotes extensively a comprehensive study done by the World Economic Forum very recently, which points out how India scores very poorly in its Inclusive Development Index (IDI) and attributes it to various policy failures.

Suggested Citation

  • S. L. Shetty, 2018. "Neglect of Growing Income and Asset Inequalities: A Flaw in Public Policy Discourses in India," Indian Journal of Human Development, , vol. 12(2), pages 149-180, August.
    • Handle: RePEc:sae:inddev:v:12:y:2018:i:2:p:149-180
    DOI: 10.1177/0973703018790997
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    References listed on IDEAS

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    1. World Economic Forum, 2017. "The Inclusive Growth and Development Report 2017," Working Papers id:11638, eSocialSciences.
    2. Planning Commission, 2012. "Mid Term Appraisal of Eleventh Five Year Plan - 2007 - 2012," Working Papers id:5158, eSocialSciences.
    3. Planning Commission, 2013. "Twelfth Five Year Plan (2012–2017): Faster, More Inclusive and Sustainable Growth," Working Papers id:5302, eSocialSciences.
    4. Planning Commission, Government of India,, 2011. "Mid-term Appraisal: Eleventh Five Year Plan 2007-2012," OUP Catalogue, Oxford University Press, number 9780198072058.
    5. Shaohua Chen & Martin Ravallion, 2010. "The Developing World is Poorer than We Thought, But No Less Successful in the Fight Against Poverty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(4), pages 1577-1625.
    6. S.Mahendra Dev, 2016. "The Problem of Inequality," Working Papers id:11526, eSocialSciences.
    7. Mohan Guruswamy & Ronald Joseph Abraham, 2006. "Redefining the Poverty Line in India," Public Policy Review, Institute for Public Policy Research, vol. 13(3), pages 191-199, September.
    8. Planning Commission, India, 2008. "Eleventh Five Year Plan (2007–2012) Volume I Inclusive Growth," Working Papers id:1582, eSocialSciences.
    9. S. Mahendra Dev, 2016. "The Problem of inequality," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2016-029, Indira Gandhi Institute of Development Research, Mumbai, India.
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    Cited by:

    1. Anand, Ishan & Kumar, Rishabh, 2022. "The sky and the stratosphere: concentrated wealth in India during the ‘lost decade’," SocArXiv 726c8, Center for Open Science.

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