India is no longer a Country languishing largely in ‘Extreme Poverty’; it is a Country with ‘Pervasive Inequality’

In every society, some people have a greater share of valued resources – money, property, education, health, and power – than others. These social resources can be divided into three forms of capital – economic capital in the form of material assets and income, cultural capital such as educational qualifications and status, and social capital in the form of networks of contacts and social associations.

Often, these three forms of capital overlap and one can be converted into the other. For example, a person from a well-off family (economic capital) can afford expensive higher education, and so can acquire cultural or ....