Market process reduces inequality

Prof Ila has comprehensive review of a recent research paper in which she finds that:

• A focused study of Dalits finds that the growth of the market economy has ushered in a reduction in caste and social inequality with an impact more fundamental and far reaching than the changes in average income or expenditure patterns. Dalit well being, when measured by personal consumption patterns, practices around social events, personal relationships across castes and expansion into non-traditional economic activities and occupations, shows rapid improvement in the market reform era in contrast to previous decades.

Moreover, there are number findings which are really fascinating to see at this juncture.