KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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Top 10% of Urban Indian Households has 7,517 Times the Assets of the Bottom Decile
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...
More »Number of India’s ultra-rich grew 11x in last decade -Parvathi Benu
-The Hindu Business Line However, inequality is slightly down in the last two years, says a global wealth report Wealth of the rich in India has grown over the last decade and the pandemic-hit years too continued to see a stellar increase in the number of the rich. However, inequality in the country has reduced a tad over the last couple of years, implying that the increase in wealth was broad-based during...
More »Inequality worries bigger than what NFHS illustrates -Abhishek Jha
-Hindustan Times In the first of a five-part data journalism series based on National Family and Health Survey (NFHS) data, HT's data and political economy team finds that India's inequality problem is far sharper than what is made out by the data The fifth round of the National Family and Health Survey (NFHS), conducted between June 2019 and May 2021 was among the biggest in India. It was conducted in all of...
More »Budget: Digital Models and Catchphrases Cannot Dissolve Inequality -Dipa Sinha
-TheWire.in Presenting a budget, especially in the midst of an economic crisis, is an opportunity to communicate a government's vision for the country. This budget fails to do that and seems to be completely disconnected from ground realities. It seems as if the Union finance minister, this year, took the idea of a paperless budget so literally that she has attempted to find digital solutions to most of the country’s problems. The ‘Amrit...
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