National Sample Survey Organisation(NSSO)<\/strong> has released the All India Debt and Investment Survey (AIDIS)<\/strong> for 2018-19. The survey has provided data on the wealth inequality in India.<\/span><\/p>\n In 2018-19, India\u2019s top 10% households held 55.67% of the wealth in urban areas and 50.84% of it in rural areas.<\/span><\/p>\n On the other hand, the bottom 50% of the population possessed only 6.2% of assets in the urban region while they owned 10.2% of the total in the rural region.\u00a0<\/span><\/p>\n This wealth inequality was estimated by assigning a monetary value against all that households own like- land, livestock, buildings, vehicles, deposits in banks, post offices, shares in companies etc.<\/span><\/p>\n Moreover, when compared state-wise, the wealth inequality was highest in <\/strong><\/span>Delhi and Punjab<\/strong>.<\/span><\/p>\n Income tax data for individuals for the assessment year 2018-19 shows that the top 10% of the taxpayers in the country account for only 38% of the country\u2019s income.<\/span><\/p>\n This shows that income inequality is lower than wealth inequality.<\/span><\/p>\n T<\/span>he share of the<\/span> bottom 10 per cent tax filers in total income has increased from 2.1% in 2012-13 to 3.5% in 2018-19.<\/span><\/p>\n I\u200b\u200b<\/span>n contrast, the total income of the top 10% of individuals doubled during this period.<\/span><\/p>\n This is because, between 2012-18, the average value of assets for the top 10% grew by 42% in rural areas. On the other hand, the lowest 10% witnessed an asset growth of 63% during this period.\u00a0<\/span><\/p>\n In urban areas, asset values jumped nearly ten times for the bottom 10% of households, but only increased marginally for the top 10% of the households.<\/span><\/p>\n Source: <\/b>This post is based on the article<\/span> \u201c<\/b>India’s income divide narrows, wealth divide persists: Survey data<\/b>\u201d <\/b>published in<\/span> Business Standard <\/b>on 23rd September 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? National Sample Survey Organisation(NSSO) has released the All India Debt and Investment Survey (AIDIS) for 2018-19. The survey has provided data on the wealth inequality in India. What are the key highlights from the survey? Wealth Inequality In 2018-19, India\u2019s top 10% households held 55.67% of the wealth in urban areas… Continue reading India’s income divide narrows, wealth divide persists: Survey data<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[],"class_list":["post-136359","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700807807,"cached_date":1704876999},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/136359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=136359"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/136359\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=136359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=136359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=136359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What are the key highlights from the survey?<\/b><\/h5>\n
Wealth Inequality<\/b><\/h6>\n
Income Inequality is lower than Wealth Inequality<\/b><\/h6>\n
Share of bottom 10 per cent in total income has increased<\/b><\/h6>\n
The difference between the top 10% and bottom 10% is reducing<\/b><\/h5>\n