Major Highlights of the World Inequality Report 2022 / Daily News Analysis / UPSC

Article: Major Highlights of World Inequality Report 2022
Genre: Economical
Source: Indian Express
Overview:
India’s 131st ranking in the World Inequality Report threw many questions regarding its credibility in social, economical, and political aspects, in which India is facing a huge amount of challenges where gender biases in an integral part in all the sections. What are the challenges? What are the Govt, initiatives are taken? All these features are put light upon in the discussion.
Tags:
#indianexpress, #upsc, #currentaffairs, gender, #india, #worldinequalityreport, #inequality, #hdi, #education, #health, #employment, #gdi, #economic, #digitalgender, #absolutepoverty, #gdp, #demand, #covid19, #lockdown, #social, #political, #civilunrest, #proneecapitalism, #businessman, #politician, #infrastructure, #industry, #laborforce, #,formalization, #tax
An Analysis made by:
Mr. Sandeep Kumar
Faculty for UPSC Coaching, Writer, Motivational Speaker
& Director Sandeep’s IAS Academy
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Gender Inequality bore three types of challenges, the social challenges include the gender gap giving rise to increased crime rates, the economic challenges include the unequal opportunities that are giving rise to poverty, and the disruption of demand and supply chain leading to less growth in GDP, and the political challenges leading to crony capitalism due to which rich are becoming richer and the poor are becoming poorer and over-exploitation of the poor when the crony capitalism intermixes with the politicians. Even the digital divide is also suffering due to illiteracy. As a measure, the government should spend more on social infrastructure, creation of employment generation industries, formalization of the labor force to ensure social justice, ensuring equal opportunities for all, and the taxation procedure should be made an easy procedure that could be understandable by all. Gender inequality is a curse for inclusive development for the country, which if not corrected, will create hindrance to its path.