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 … 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)