Oxfam has given following recommendations to reduce Income Inequality in India-

♤ Address the needs of the underfunded social sector in India. More public resources should be mobilised for providing basic essential services like health and education, social protection, etc. to reach out to the poor and excluded. The affirmative policy interventions like Gender Budgeting, Scheduled Caste Sub Plan, Tribal Sub Plan, etc. must be implemented properly.

♤ Promote inclusive growth by encouraging labour-intensive sectors that will create more jobs; investing in agriculture; and effectively implementing the social protection schemes that exist.

♤ In taxation, the focus should be more on generating revenue from direct taxes. Ensure proper mobilisation of property & wealth taxes. Rationalize corporate tax exemptions/incentives.

♤ Scrutinise the new Goods and Services Tax (GST) regime from the perspective of the poor. The rates for different commodities should be such that they do not place an unfair burden of taxes on the poor households.

♤ It also sought sealing of the “leaking wealth bucket" by taking stringent measures against tax evasion and avoidance, imposing higher tax on super-rich and removing corporate tax breaks.