Indians are getting richer
Posted : September 29, 2004 at 12:06 pm [IST]
Households in India are rapidly increasing their wealth. Things are also changing in rural areas too. I don’t know if the communists’ comrades will believe these data also or not. But if we are to believe NCAER data, while in the rural segment the percentage of households in the low income category (below Rs 45,000) is projected to dip to 20.6 per cent by 2009-10, against a high of 42.7 per cent in 2001-02, in the urban low income category, the percentage of the category will dip from 14.3 (2001-02) to 4.7(2009-10). The percentage of the category was 67.3 in rural and 37.1 in urban segment in 1989-02.The overall percentage of low income households for the country will dip to 15.6, against 34.6 in 2001-02. If compared with data from 1989-90, when the overall percentage was 58.8, the improvement is even more startling.
For the lower-middle category (Rs 45,001-Rs 90,000), the change is also substantial with 21.4 per cent households will remaining in this slot in 2009-10, against 31.7 per cent in 2001-02 in urban segment. Similarly, in rural segment, the percentage will be 42.5 in 2009-10 against 39.5 in 2001-02 In 1989-90, the category had 34.8% in urban and 23.9% in rural.
The percentage of households in urban areas with an annual household income of Rs 90,000 and more will be 73.9 per cent by 2009-10 against 54% in 2001-02. And in next 6 years, it is estimated to grow by nearly 20 per cent. Is it not a significant increase? With rural income in this category also projected to grow from 17.8 per cent to 36.9 per cent, the national average by 2009-10 will be a healthy 48.4 per cent against a poor 28 per cent in 2001-02 and only 14.2% in 1089-90.
The data, validated by the 2001 census demographics, income from National Accounting Statistics, took three to four months to collect and is the latest round of primary data collection. It was based on a sample of 450,000 households.
The average size of household for 2001-02 in urban India is 5.31 for urban India, 5.42 for rural India and 5.39 overall. (The 2001 census figures - 5.37 for rural India, 5.31 for urban India and 5.35 overall)
THE NUMBER OF HOUSEHOLDS IN 2001-02 under Rs.90,000 per annum was 110,750,000 in rural areas and 15,400,000 in small town
NCAER’s concept of income is the perceived monetary income of the household which is a result of the respondent’s answer to the sampler’s question. All income received by households during the reference year has been computed for the survey.
This gives us hope that even with all the inefficiency of the governance and negative opinions about the prospect of attaining a right percentage of GDP, the people are going ahead and becoming wealthier. However, the 15.6% of households remaining below Rs 45,000 per annum in 2009-10 will also be a huge figure in numbers of households. But perhaps things may change and speed to prosperity may be better i promise to provide some more data in next entries.
- Indra
Category: Government Policy/Administration |
Leave a Comment