Abstract: India is an over populated country. In 2015 its current population is 1.28 billion. The resources of India are insufficient to fulfill the needs and wants of the citizens of India. This paper discuss about the unequal distribution of income and wealth between the rich and poor people in India. India is shining for only selected few. The impressive economic growth of our country has bought smile on the face of the rich and powerful even as the rest suffer in distress and drudgery.
“In India, the distribution of assets is extremely unequal, with the top 5% of the households processing 38% of the total assets and bottom 60% of household owing a mere 13%”, according to the human development report released by planning commission. In the year 2011-12 in India almost 21.92% of people are laying below poverty line.
In this paper, Gini Coefficient is taken as a indicator of inequality between rich and poor. If the value of Gini Coefficient is higher, the income gap is also higher. It is shown in this paper that the value of Gini Coefficient is increased day by day.
The income distribution in rural and urban areas and also taken as the measure of inequality between rich and poor.
Scarcity of water, changes in climatic condition due to global warming causes food insecurity in a over populated country like India. Ultimately this food insecurity lead to the increase in price level i.e. inflation. This paper is also discussed about the scarce resources in relation to our needs.
Keywords: Gini Coefficient, Poverty line, and Scarcity.
Title: Poverty, Income and Wealth Distribution: Are our Resources Scarce in Relation to our Needs?
Author: Barnali Ghosh
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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