Recent Trends in Wealth Inequality in India

An analysis of the trends in wealth ownership and its inequality in India between 1991 and 2012 using three rounds of All-India Debt and Investment Survey data reveals a greater concentration of wealth with the top 10%, particularly after 2002. A dramatic shift in the decile-wise patterns of annual...

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Bibliographic Details
Published inEconomic and political weekly Vol. 51; no. 50; pp. 59 - 67
Main Authors ANAND, ISHAN, THAMPI, ANJANA
Format Journal Article Magazine Article
LanguageEnglish
Published Mumbai Sameeksha Trust 10.12.2016
Athena Information Solutions Pvt. Ltd
Subjects
Analysis
Consumption
Distribution of wealth
Employment
Equality
Households
Income inequality
Liberalization
Politics
Population
Rural areas
SPECIAL ARTICLE
Studies
Surveys
Trends
Urban areas
Wealth
Wholesale Price Index-US
India
Asia
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Summary:An analysis of the trends in wealth ownership and its inequality in India between 1991 and 2012 using three rounds of All-India Debt and Investment Survey data reveals a greater concentration of wealth with the top 10%, particularly after 2002. A dramatic shift in the decile-wise patterns of annual growth rates of assets in favour of the top deciles, particularly the topmost, has also been witnessed. The study considers the extent of wealth inequality by sector, state, and social and religious groups as well. It is hypothesised that the rising levels of wealth inequality are deeply linked to the growth strategy being followed, by which the gains from growth have been redistributed among those who were already wealthy.
Bibliography:content type line 24
ObjectType-News-1
SourceType-Magazines-1
ISSN:0012-9976
2349-8846