Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <h1 class="cat-box-title">How much the richest 1% earn and spend -Pramit Bhattacharya</h1>
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                            <div align="justify">-Livemint.com<br /><br /><em>98% of the top percentile own either a car or a two-wheeler, shows a PRICE survey on India&rsquo;s consumer economy<br /></em><br />The average monthly household income of the richest 1% of Indians is Rs.66,627 and that of the richest 10% is Rs.35,605, according to the latest data from a nationally representative survey, the Household Survey on India&rsquo;s Citizen Environment &amp; Consumer Economy (ICE 360&deg; survey) conducted in 2016.<br /><br />Given that these income estimates are based on self-reported data, it is likely that they understate true incomes, especially in the case of top earners. One way to adjust for the under-reporting is to look at the extent of discrepancy between the aggregate household disposable income estimated by the survey and the one reported in the national accounts, and adjusting for that discrepancy by blowing up the income estimates from the survey. Such an exercise suggests that the average monthly household income of the top 1% could be as high as Rs.1.17 lakh while that of the top decile could be Rs.62,574.<br /><br />Please <a href="http://www.livemint.com/Home-Page/QxSmwS3bn5alaoRMKexoKJ/How-much-the-richest-1-earn-and-spend.html" title="http://www.livemint.com/Home-Page/QxSmwS3bn5alaoRMKexoKJ/How-much-the-richest-1-earn-and-spend.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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                            <div align="justify">-Livemint.com<br /><br /><em>98% of the top percentile own either a car or a two-wheeler, shows a PRICE survey on India&rsquo;s consumer economy<br /></em><br />The average monthly household income of the richest 1% of Indians is Rs.66,627 and that of the richest 10% is Rs.35,605, according to the latest data from a nationally representative survey, the Household Survey on India&rsquo;s Citizen Environment &amp; Consumer Economy (ICE 360&deg; survey) conducted in 2016.<br /><br />Given that these income estimates are based on self-reported data, it is likely that they understate true incomes, especially in the case of top earners. One way to adjust for the under-reporting is to look at the extent of discrepancy between the aggregate household disposable income estimated by the survey and the one reported in the national accounts, and adjusting for that discrepancy by blowing up the income estimates from the survey. Such an exercise suggests that the average monthly household income of the top 1% could be as high as Rs.1.17 lakh while that of the top decile could be Rs.62,574.<br /><br />Please <a href="http://www.livemint.com/Home-Page/QxSmwS3bn5alaoRMKexoKJ/How-much-the-richest-1-earn-and-spend.html" title="http://www.livemint.com/Home-Page/QxSmwS3bn5alaoRMKexoKJ/How-much-the-richest-1-earn-and-spend.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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98% of the top percentile own either a car or a two-wheeler, shows a PRICE survey on India&rsquo;s consumer economy

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                            <div align="justify">-Livemint.com<br /><br /><em>98% of the top percentile own either a car or a two-wheeler, shows a PRICE survey on India&rsquo;s consumer economy<br /></em><br />The average monthly household income of the richest 1% of Indians is Rs.66,627 and that of the richest 10% is Rs.35,605, according to the latest data from a nationally representative survey, the Household Survey on India&rsquo;s Citizen Environment &amp; Consumer Economy (ICE 360&deg; survey) conducted in 2016.<br /><br />Given that these income estimates are based on self-reported data, it is likely that they understate true incomes, especially in the case of top earners. One way to adjust for the under-reporting is to look at the extent of discrepancy between the aggregate household disposable income estimated by the survey and the one reported in the national accounts, and adjusting for that discrepancy by blowing up the income estimates from the survey. Such an exercise suggests that the average monthly household income of the top 1% could be as high as Rs.1.17 lakh while that of the top decile could be Rs.62,574.<br /><br />Please <a href="http://www.livemint.com/Home-Page/QxSmwS3bn5alaoRMKexoKJ/How-much-the-richest-1-earn-and-spend.html" title="http://www.livemint.com/Home-Page/QxSmwS3bn5alaoRMKexoKJ/How-much-the-richest-1-earn-and-spend.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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How much the richest 1% earn and spend -Pramit Bhattacharya

Published on Dec 3, 2016   Modified on Dec 3, 2016

-Livemint.com 98% of the top percentile own either a car or a two-wheeler, shows a PRICE survey on India’s consumer economy The average monthly household income of the richest 1% of Indians is Rs.66,627 and that of the richest 10% is Rs.35,605, according to the latest data from a nationally representative survey, the Household Survey on India’s Citizen Environment & Consumer Economy (ICE 360° survey) conducted in 2016. Given that these income estimates are based on self-reported data, it is likely that they understate true incomes, especially in the case of top earners. One way to adjust for the under-reporting is to look at the extent of discrepancy between the aggregate household disposable income estimated by the survey and the one reported in the national accounts, and adjusting for that discrepancy by blowing up the income estimates from the survey. Such an exercise suggests that the average monthly household income of the top 1% could be as high as Rs.1.17 lakh while that of the top decile could be Rs.62,574. Please click here to read more.

Livemint.com, 2 December, 2016, http://www.livemint.com/Home-Page/QxSmwS3bn5alaoRMKexoKJ/How-much-the-richest-1-earn-and-spend.html

Tagged with: Economic Disparity Economic Equality Economic Growth Economic Inequality Income Distribution Income Inequality Wealth Distribution

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