The average value of assets (AVA) of the top ten percent of urban households in India is more than seven thousand five hundred times greater than what the bottom ten percent owns. The AVA of the top decile was Rs. 1.5 crores, while the lowest decile owned an average of Rs. 2,000 of assets. The data is part of the All India Debt and Investment Survey - 2019, the survey for...
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Oxfam's India Discrimination Report: Women in India earn less and get fewer jobs
-Press release by Oxfam India dated 15 September 2022 New Delhi: Oxfam India’s latest ‘India Discrimination Report 2022’ finds women in India despite their same educational qualification and work experience as men will be discriminated in the labour market due to societal and employers’ prejudices. The academically recognised statistical model applied in the India Discrimination Report is now able to quantify the discrimination women face in the labour market. The lower...
More »Misleading Picture of Household Wealth -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line/ NetworkIdeas.org In recent years, when the economy as a whole performed poorly, reports on how old and new businesspersons accumulated huge volumes of wealth in short timespans have been commonplace. There is also evidence that conspicuous consumption is on the rise. This has led observers to conclude that income and wealth inequality in India has increased. Hard evidence on the extent of that increase is difficult to...
More »India's income divide narrows, wealth divide persists: Survey data -Ishaan Gera
-Business Standard The top 10 per cent among the country's households own more than 50 per cent of the assets. India’s top 10 per cent households three years ago held 55.67 per cent of the wealth in urban areas and 50.84 per cent of it in rural, shows data released by a state survey last week. Results from the National Sample Survey Organisation’s All India Debt and Investment Survey (AIDIS) for 2018-19 are...
More »The many hues of inequality in India -T Haque & D Narasimha Reddy
-The Hindu Business Line There has been a spike in income inequality in the post reforms period with wealth concentrated at the top deciles India has somehow nurtured a widely shared impression that it has a well established statistical system with reliable databases compiled through effective methods of data collection through its network of central agencies and periodic nation-wide surveys. However, India is one of the very few countries which does not...
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