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Delhi is richest state, Jain wealthiest community: NFHS-4 wealth index

Delhi is richest state, Jain wealthiest community: NFHS-4 wealth index

Wealth Index:

The full report of NFHS-4, which has been released recently, has prepared a wealth index. The index has been prepared on the basis of scores on ownership of consumer goods such as television and bicycles, and household characteristics such as availability of clean drinking water.

This information has been used to classify all households into wealth quintiles. Those in the lowest quintile would the poorest 20%, while those in the top would be the richest 20% of the lot.

Highlights of the report:

  • As per the wealth index, people in Delhi and Punjab are the richest, while Bihar is the poorest. Rajasthan has most equitable wealth distribution with similar number of households in all quintiles.
  • Further the report found Jains are the richest religious community, with more than 70% of their population in the top quintile.
  • The report shows that poverty is predominantly a rural phenomenon in India. 29% of rural India belongs to the bottom quintile, while the figure is just 3.3% for urban India.

High levels of income and wealth inequality are a matter of great concern in India. NFHS-4 statistics on disparity in wealth-holdings across various categories tell us that there cannot be a one size fits all policy if the government is serious about addressing this problem.

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