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Asset Ownership

Asset Ownership:

An analysis of asset ownership data at the household level collected by Lokniti-CSDS during its National Election Study in 2019 was recently released.

  • Gauging who can afford the five assets of a car, an air-conditioner at home, a desktop or laptop computer, a refrigerator, and a television set, has been seen as an important indicator of economic well-being in a fast-growing, aspirational economy.
  • An analysis of asset ownership data at the household level collected by Lokniti-CSDS during its National Election Study in 2019 indicates that no more than 3% of Indian households — that is, 1 in every 33 — own all of these five assets at the same time.
  • The pace of growth of ownership of these assets has been unexceptional in recent years — five years previously, in 2014, the percentage of households that owned these assets was 2%, or 1 in every 50 households.
  • The data show major differences in asset ownership among the various social groups. Thus, upper-caste Hindu households are seven times more likely to own all the five assets, compared to Dalit (SC) and Muslim households.
  • Among religious groups, Sikh households were found to be the most prosperous.
  • The pattern of asset-ownership varies significantly with how urban the area is. As against about 13% of households in cities, only 5% of households in towns, and merely 1% in villages, could boast of having all of the five assets in 2019.
  • The highly urbanised or high per-capita-income states of Delhi, Punjab, Goa, and Kerala, in that order, emerged at the top of the table in this regard.

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