Chapter

The Distribution of Household Wealth in India

S. Subramanian and D. Jayaraj

in Personal Wealth from a Global Perspective

Published in print October 2008 | ISBN: 9780199548880
Published online January 2009 | e-ISBN: 9780191720765 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199548880.003.0006

Series: WIDER Studies in Development Economics

The Distribution of Household Wealth in India

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This study reviews the principal source of India's wealth distribution statistics, which is constituted by the five decennial Reserve Bank of India National Sample Survey Organization Surveys on Debt and Investment of 1961–2, 1971–2, 1981–2, 1991–2, and 2002–3. The data available are described, critically appraised, and analysed to present some salient findings in terms of the levels of debt, the levels of asset -holdings across the states of the Indian Union and over time, wealth composition, and aspects of vertical and horizontal inequality in the distribution of wealth. The centrality of land and real estate in the wealth status of India is underlined, and some broad aspects of redistributive anti‐poverty policy are spelt out.

Keywords: assets; liabilities; vertical inequality; horizontal inequality; land; real estate

Chapter.  9224 words.  Illustrated.

Subjects: Economic Development and Growth

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