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Abstract
India has witnessed the exponential growth rate of inequality of income and wealth creation hugely since the decade of the 1980s. In the initial years of the decade 1980, top 1% of employed usually earned around 6 % to 7% of total income distribution. However the inequality in income standards widened mostly in post liberalisation era in India. Electrifying data (2014) shows that 22% of net income (distribution) went to only one percent of employed population. This is very upsetting trend that evidently show the widening inequality becoming prominent in society. Government planning and policy generally focus on GDP growth and poverty reduction and this approach, actively or passively, has mostly served the already rich social class. Wealth creation remained more and more limited to rich and affluent which constitute a very minor proportion of population.