why is coexistence needed in a country like india
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We live in a society marked by deep economic inequality, a fact that is only underlined and magnified by the presence of massive levels of poverty at one end of the spectrum, and massive levels of unaccounted income and wealth at the other. In this article, we present a microscopic primer on inequality in the distribution of household assets in India.
We live in a society marked by deep economic inequality, a fact that is only underlined and magnified by the presence of massive levels of poverty at one end of the spectrum, and massive levels of unaccounted income and wealth at the other. In this article, we present a microscopic primer on inequality in the distribution of household assets in India.Growth in household wealth
We live in a society marked by deep economic inequality, a fact that is only underlined and magnified by the presence of massive levels of poverty at one end of the spectrum, and massive levels of unaccounted income and wealth at the other. In this article, we present a microscopic primer on inequality in the distribution of household assets in India.Growth in household wealthData on the distribution of household wealth in India are available over 10-year intervals at least from 1961-62, in the surveys on debt and investment conducted by the Reserve Bank of India (RBI) and the National Sample Survey Office (NSSO). Table 1 shows a systematic rise in the average real value of assets held by households. The growth in the value of assets per household is considerably sharper in urban areas as compared to rural areas. From 1981-82 to 2002-03, the average real value of household assets rose by a factor of less than two in rural India, and by more than 2.5 times in urban India. Urban India, after all, is the home of industrial and financial capital, and the growth in the wealth of identifiable corporate houses has been phenomenal1 .