{"id":10436,"date":"2020-12-16T14:34:28","date_gmt":"2020-12-16T09:04:28","guid":{"rendered":"https:\/\/triumphias.com\/blog\/?p=10436"},"modified":"2023-04-12T16:19:33","modified_gmt":"2023-04-12T10:49:33","slug":"rising-wealth-consumption-inequality-in-india","status":"publish","type":"post","link":"https:\/\/triumphias.com\/blog\/rising-wealth-consumption-inequality-in-india\/","title":{"rendered":"RISING WEALTH &#038; CONSUMPTION INEQUALITY IN INDIA"},"content":{"rendered":"<h1>RISING WEALTH &amp; CONSUMPTION INEQUALITY IN INDIA<\/h1>\n<ul>\n<li><strong>(Relevant for Sociology Syllabus: Paper 1 &#8211; <\/strong><strong>Stratification &amp; Mobility)<\/strong><\/li>\n<li><strong>(Relevant for GS Syllabus: Paper1- <\/strong><strong>Poverty &amp; Developmental issues<\/strong><strong>)<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/12\/download.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-10437\" src=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/12\/download.jpg\" alt=\"\" width=\"259\" height=\"194\" srcset=\"https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/12\/download.jpg 259w, https:\/\/triumphias.com\/blog\/wp-content\/uploads\/2020\/12\/download-150x112.jpg 150w\" sizes=\"auto, (max-width: 259px) 100vw, 259px\" \/><\/a><\/p>\n<p><strong>\u00a0<\/strong><strong>STUDY THROWS LIGHT ON RISING WEALTH &amp; CONSUMPTION INEQUALITY IN INDIA<\/strong><\/p>\n<ul>\n<li><strong>The gap between the forward and other castes is becoming wider over the years, according to a World Inequality Database study.<\/strong><\/li>\n<li><strong>The historical inequality in wealth distribution along caste lines has not been corrected even though the situation of every caste has improved over time.<\/strong><\/li>\n<li>Wealth and consumption inequality in India is rising, with the gap between the forward and other castes becoming wider over the years, according to a World Inequality Database study supervised by Thomas Piketty, an expert on wealth and income gaps.<\/li>\n<li>The author, Nitin Kumar Bharti of the Paris School of Economics, has estimated that the wealth share of the rich\u2014top 10% of the population\u2014has risen from 45% in 1981 to 68% in 2012. Moreover, the historical inequality in wealth distribution along caste lines has not been corrected even though the situation of every caste has improved over time.<\/li>\n<\/ul>\n<p><strong><u>ECONOMIC RANKING MIRRORS CASTE HIERARCHY<\/u><\/strong><\/p>\n<ul>\n<li>SC\/STs way below overall average; OBC\/Muslims closer to overall average but lower than FCs. 50% Brahmins, 31% Rajputs, 44% Bania &amp; 57% Kayasth fall in richest class. Only 5% ST, 10% SC,16% OBC,17% Muslims in the richest category.<\/li>\n<\/ul>\n<p><strong><u>WEALTH HEAVILY CONCENTRATED AT THE TOP<\/u><\/strong><\/p>\n<ul>\n<li>Top 1% of population own 30% of total wealth which is 50% of total wealth of top decile. Bottom 50% of the population own 8% of total wealth which highlights \u2018weak base\u2019 of society. Middle 40% own 35% of total<\/li>\n<\/ul>\n<p><strong><u>SPENDING GAP IS ALSO WIDENING <\/u><\/strong><\/p>\n<ul>\n<li>Top 10% consume 28-32% while consumption share of bottom 50% is around 21% and of middle 40%, the share is around 40%. In comparison with wealth share of top 10%, consumption distribution is more equitable.<\/li>\n<\/ul>\n<p><strong><u>FORWARD CASTES DOMINATE TOP 10%<\/u><\/strong><\/p>\n<ul>\n<li>Lower population share of SC\/ST\/Muslims in higher\/middle wealth deciles and higher population share in lower wealth deciles. OBCs are distributed in the same share across all wealth deciles. FCs over-represented in higher deciles.<\/li>\n<\/ul>\n<p><strong><u>INEQUALITY WITHIN CASTES THEMSELVES HAS INCREASED<\/u><\/strong><\/p>\n<ul>\n<li>Within castes, share of top 10% is over 45%. <strong>FCs show highest inequality, pointing towards heterogeneity within this caste group &amp; explains the demand for reclassification by some upper castes into OBCs to avail reservation benefits.<\/strong><\/li>\n<\/ul>\n<p>NOTE: Five caste groups defined in the working paper are: SC, ST and OBC (irrespective of religion);<\/p>\n<ul>\n<li>FC (forward castes) who are Hindus but not classified as SC\/ST\/OBC; and Muslims who are not under SC\/ST\/OBC category<\/li>\n<li><strong>SOURCE: Wealth Inequality, Class and Caste in India.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RISING WEALTH &amp; CONSUMPTION INEQUALITY IN INDIA (Relevant for Sociology Syllabus: Paper 1 &#8211; Stratification &amp; Mobility) (Relevant for GS<\/p>\n","protected":false},"author":1,"featured_media":10388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[7,114,115],"tags":[4279,4278,2973,4281,4282,817,4289,1696,1799,4286,4285,1859,4277,4283,540,4288,4284,1798,4287,4280],"class_list":["post-10436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-studies-i","category-sociology-optional","category-sociology-optional-paper-i","tag-caste-hierarchy","tag-consumption-inequality","tag-developmental-issues","tag-economic-ranking","tag-forward-castes","tag-gs","tag-heterogeneity","tag-india","tag-mobility","tag-muslims","tag-obc","tag-poverty","tag-rising-wealth","tag-sc","tag-sociology","tag-spending-gap","tag-st","tag-stratification","tag-wealth-concentration","tag-wealth-distribution"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/10436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/comments?post=10436"}],"version-history":[{"count":2,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/10436\/revisions"}],"predecessor-version":[{"id":14006,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/posts\/10436\/revisions\/14006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media\/10388"}],"wp:attachment":[{"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/media?parent=10436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/categories?post=10436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphias.com\/blog\/wp-json\/wp\/v2\/tags?post=10436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}