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Top 10% of Urban Indian Households has 7,517 Times the Assets of the Bottom Decile

Top 10% of Urban Indian Households has 7,517 Times the Assets of the Bottom Decile

published Published on : Mar 23, 2023

The average value of assets (AVA) of the top ten percent of urban households in India is more than seven thousand five hundred times greater than what the bottom ten percent owns. The AVA of the top decile was Rs. 1.5 crores, while the lowest decile owned an average of Rs. 2,000 of assets. The data is part of the All India Debt and Investment Survey - 2019, the survey for...

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Indian banks gave more home loans than agricultural credit

published Published on : Jan 20, 2023
Indian banks gave more home loans than agricultural credit

In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and...

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