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India’s top 10% urban families own Rs 1.5 crore in assets against Rs 2,000 at rock bottom

New Delhi: India’s top 10 per cent urban households on a median own Rs 1.5 crore in assets as against Rs 2,000 at the bottom decile, reflecting the sharp divide between the wealthy and the poor in cities, confirmed a authorities survey.

The scenario, nevertheless, is barely higher in rural areas with top 10 per cent households proudly owning on a median Rs 81.17 lakh in assets as against Rs 41,000 at the bottom decile class, revealed All India Debt and Investment Survey 2019 accomplished by National Statistical Office (NSO) of the Ministry of Statistics and Programme Implementation.

The survey additionally advised that poor households are higher off in rural areas than in urban centres the place the common asset measurement of households at the bottom of the pyramid is simply Rs 2,000.

The newest survey on All India Debt & Investment Survey was performed in the course of the interval January – December, 2019 as part of 77th spherical of National Sample Survey (NSS).  Prior to this the survey was carried out in NSS twenty sixth spherical (1971-72), thirty seventh spherical (1981-82), forty eighth spherical (1992), 59th spherical (2003) and seventieth spherical (2013).

The most important goal of the survey on Debt & Investment was to gather primary quantitative data on the assets and liabilities of the households as on June 30, 2018.

Besides, the survey gathered data on the quantity of capital expenditure incurred by the households in the course of the Agricultural Year 2018-19 (July-June), underneath totally different heads, like residential buildings, farm enterprise and non-farm enterprise.

The current survey was unfold over your entire Indian Union and information had been collected in two visits (Visit 1: January-August, 2019 and Visit 2: September – December, 2019) from the identical set of pattern households.

The survey was unfold over 5,940 villages protecting 69,455 households in the agricultural sector and three,995 blocks protecting 47,006 households in the urban sector.

PTI 

#Note-Author Name – Post News Network

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