Q.3 Countries across the world have become richer over the past 40 years, but their governments have become significantly poorer. In the context of this, examine the implications of rising inequality on government finances and welfare measures. (10 Marks)

Mentor’s comment- https://economictimes.indiatimes.com/news/economy/indicators/india-amongst-the-most-unequal-countries-in-the-world-report/articleshow/88141807.cms?from=mdr https://www.thehindu.com/opinion/op-ed/the-wtos-challenge-to-msp-is-another-frontier-to-cross/article37972234.ece In the intro mention the World Inequality Report 2022 mentioning India among one of the most unequal countries. In the body, mention concentration of wealth and income in few hands its implications for government finances and ultimately resulting in lack of resources for welfare measures. Conclude by mentioning the measures to … Continue reading Q.3 Countries across the world have become richer over the past 40 years, but their governments have become significantly poorer. In the context of this, examine the implications of rising inequality on government finances and welfare measures. (10 Marks)