Abstract:
Zipf’s Law is an empirical phenomenon observed in many natural systems. The distribution of a
physical variable demonstrates sharp rise at the right tail under this law. The occurrence of this
law is pervasive among the physical variables. Econophysics, a discipline named so by Eugene H.
Stanley, studies the application of physical principles among variables related to human action
mostly related to socio-economic variables. This paper surveys the studies on the existence of
Zipf’s law among Indian socio-economic variables. We present the evidence on economic
variables, in particular income, wealth and consumption distribution. The other socio-economic
variable of our choice is city size distribution. In all cases, the Zipf’s law is established with
different values for the Pareto exponent.
