Explain the policy implication for India in the context of conflict in ‘inequality or poverty’.

Inequality of wealth and income can lead to large divergences in human capital. Those with little wealth or low income face formidable challenges in investing in human capital, or wealth- and income-enhancing activities, and will remain poor. In principle they may be able to borrow for investment purposes, but imperfect financial markets, coupled with other market failures, often heavily constrain their ability to borrow and invest. Widening inequality—leaving more people at the top and bottom of the income distribution—can mean a smaller middle class. Growth driven by and benefiting a middle class is more likely to be sustained; both economically, to the extent that the rent seeking and corruption associated with highly concentrated gains to growth are avoided; and politically, _______ ________ _____ ____ ________ ___.
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