As per Kuznets inverted U hypothesis, initially the income inequality will worsen as the economy grows, and the income inequality will reduce at later stages of economic development. You can read about the Kuznets Curve – Explanation of the Kuznets curve, its Criticisms in the given link.
- Inflation in Economy- Types of Inflation, Inflation Remedies [UPSC Notes]
- Indian Economy Notes For UPSC Exam [Download PDFs]
Fiscal Policy in India – Objectives, Components, Fiscal Consolidation, FRBM Act, 2003