Introduction Economic inequality refers to the unequal distribution of income, wealth, and opportunities among individuals or groups within a society. While some level of inequality is inevitable in a market-driven economy, excessive economic disparity can threaten social cohesion, reduce economic efficiency, and impede sustainable development. In contrast, inclusive growth emphasizes equitable access to economic opportunities,…
Introduction Capitalism and social justice are often perceived as opposing forces. Capitalism, driven by free markets, private ownership, and profit motives, is seen as fostering competition, wealth accumulation, and economic inequality. On the other hand, social justice aims to ensure fairness, equity, and equal opportunities for all individuals, regardless of their socio-economic background. This apparent…
Introduction Poverty is a major concern in India, affecting a significant portion of the population. It remains one of the most pervasive issues despite substantial economic growth over the past few decades. One of the key concepts in understanding poverty is the “link of poverty” or the vicious cycle of poverty, which refers to the…
The Indian Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, aims to address the pressing needs of various sections of society, with a particular focus on the middle class. Recognizing the significant role that the middle class plays in the country’s economic growth, the government has announced several measures to ease their financial burdens,…
Poverty, when transmitted over generations, can evolve into a cultural phenomenon that influences not just economic status but social, psychological, and behavioral patterns. This concept of poverty as a culture is not simply about the lack of material wealth but extends to the ways in which poverty shapes mindsets, behaviors, and values across generations. Understanding…
The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by the Government of India in August 2014, has been heralded as a revolutionary initiative aimed at financial inclusion for the underprivileged sections of society. The scheme, often described as the “charioteer of the poor,” plays a pivotal role in ensuring that even the marginalized communities have…