Volume 18 No 11 (2020)
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Income Inequality and Economic Mobility in India: An Econometric Study
Dr. Alok Pratap Singh
Abstract
From 2000 to 2019, this paper investigates in India the correlation between income disparity and economic mobility. We investigate trends in income distribution and intergenerational mobility using econometric methods combining panel data from the India Human Development Survey (IHDS) with other national databases. Our results expose a sophisticated interaction among mobility, inequality, and economic growth. India has seen notable economic progress over this time, but the advantages have not been equitably shared, which has resulted in ongoing, often worsening income inequality. Absolute mobility, especially in metropolitan regions and among some social groupings, does, however, also show improvements. The report helps to clarify India's economic development path and offers information to legislators trying to support inclusive growth and improve economic possibilities for all social levels.
Keywords
Income inequality, economic mobility, India, econometrics, economic development
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