India's income divide narrows, wealth divide persists: Survey data

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 in line with earlier estimates of wealth inequality.
 

A comparison of AIDIS data with income tax numbers shows that though income inequality is paring, the wealth divide continues. Income tax data for individuals for the assessment year 2018-19 shows that the top decile (10 per