Income inequality

Rough Draft Submitted In Partial Fulfillment Of Course Titled Legal

Method & Research Methodology For Completion Of B.A. LL.B. (Hons.) In
Academic Year 2020-21

Submitted to- Submitted by –

MR. VIJAYANT SINHA Kumar Utsav
Faculty of Legal Method & Research Methodology Roll no. - 2123
3rd semester, B.A.LL.B.(Hons.)

04 JANUARY 2021

Chanakya National Law University

Nyaya Nagar, Mithapur, Patna
(Bihar)

LEGAL METHOD & RESEARCH METHODOLOGYPage 1

 INTRODUCTION

According to a report of World Bank half of the World Population is richer than before. With
change of time the income of people has increased but it has also led to rise in Inequality. The
gap between the super rich and the rest of the world is widening as wealth continued to be owned
by a small minority as claimed by Oxfam. As per the report by Oxfam some 82% of money
generated in 2018 went to the richest 1% of the global population while the poorest half saw no
increase at all.
Oxfam has produced similar reports for the past five years. In 2017 it calculated that the world’s
eight richest individuals had as much wealth as the poorest half of the world. This year, it said 42
people now had as much wealth as the poorest half, but it revised last year’s figure to 61. Oxfam
said the revision was due to improved data and said the trend of widening inequality.

As inequality is on rise all around the globe, India is no different and according to a survey
India’s richest 1% corner 73% of wealth generation. Besides, 67 crore Indians comprising the
population’s poorest half saw their wealth rise by just 1% as per the survey released by the
International rights group Oxfam. Last year’s survey had showed that India’s richest 1% held a
huge 58% of country’s total wealth- higher than the global figure of about 50%. The situation
appears even grimmer globally, where 82% of the wealth generated last year worldwide went to
the 1%, while 3.7 billion people that account for the poorest half of population saw no increase
in their wealth.

Inequality has been on the rise across the globe for several decades. Some countries have
reduced the number of people living in extreme poverty. But economics gaps have continued to
grow as the very richest amass unprecedented levels of wealth. Among industrial nations, the
United States is by far the most top-heavy, with much greater shares of national wealth and
income going to the richest 1% than any other country.

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 RESEARCH METHODOLOGY

The researcher will be relying on doctrinal method of research to complete the project
and the researcher will be relying on both primary and secondary sources to complete the
project.

This study has been designed keeping in view the objectives, scope as well as hypothesis of
the study. The methodology of research differs according to the subject and problem under
study.

I. Primary Sources : Articles and reports related to the topic.

II. Secondary sources: Books and e-library sources, websites.

AIMS & OBJECTIVES

The researcher tends to emphasize on the study of:

 To analyze the rising income around the world with special emphasis on India.
 To analyze the rising inequalities around the globe with special emphasis on India.
 To analyze the increasing inequalities in India.

RESEARCH QUESTIONS

1. What is Income Inequality?

2. Why is the economic inequality continuously rising around the globe?

3. What are the possible solutions to combat Inequality?

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 HYPOTHESIS

The researcher presumes that:

 There is income inequality around the world.
 There is economic inequality.
 The income inequality is rising around the world.
 The income inequality is rising in India.

TENTATIVE CHAPTERISATION

1. Introduction
2. Rising Income Inequality around the World
3. Inequality
4. Rising Wealth Inequality in India
5. Conclusion

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