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All-India Debt & Investment Survey – I

18/09/2021 at 7:30 AM

In rural Odisha, land and building together comprised 83.8% share in the total value of assets, with the land having 45.1% share and buildings 38.7% share

Dr Manas R. Das

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, has just released the findings of the latest All-India Debt & Investment Survey for the period January – December 2019 as a part of the 77th round of the National Sample Survey (NSS). Prior to this, the survey was carried out in NSS 26th round (1971-72), 37th round (1981-82), 48th round (1992), 59th round (2003), and 70th round (2013).

The main objective of the survey was to collect basic data pertaining to assets and liabilities of the households as at June-end 2018. In addition, the survey collected information on the amount of capital expenditure incurred by the households during the Agricultural Year 2018-19 (July-June) under different heads like residential buildings, farm business, and non-farm business.

The present survey covered the entire Indian Union covering 5,940 villages and 69,455 households in the rural area, and 3,995 blocks and 47,006 households in the urban area.

The highlights of the findings of the survey are presented below. Wherever available, the information about Odisha is presented. This will also facilitate the comparison of Odisha with India.

Asset Holdings

Percentage of households owning assets as of June-end 2018

India

  • In rural India, 99.4% of the households (100% cultivator households and 98.6% non-cultivator households) reported owning any asset (physical or financial).
  • In urban India, 98% of the households (99.7% self-employed households and 97.3% other households) reported owning any asset (physical or financial).
  • In rural India, 97.5% households owned physical assets and 96.6% households owned financial assets.
  • In urban India, 85.4% households owned physical assets and 94.7% households owned financial assets.

Odisha

  • In rural Odisha, 99.6% of the households (100% cultivator households and 98.8% non-cultivator households) reported owning any asset (physical or financial).
  • In urban Odisha, 99.4% of the households (99.3% self-employed households and 99.4% other households) reported owning any asset (physical or financial).

Average value of asset per household as of June-end 2018

India

  • In rural India, the average value of asset per household was Rs.1,592 thousand (Rs.2,207 thousand for cultivator households and Rs.785 thousand for non-cultivator households).
  • In urban India, the average value of asset per household was Rs.2,717 thousand (Rs.4,151 thousand for self-employed households and Rs.2,211 thousand for other households).
  • In rural India, the average value of physical asset per household was Rs.1,520 thousand and the average value for financial asset was Rs.73 thousand.
  • In urban India, the average value of physical asset per household was Rs.2,465 thousand and the average value of financial asset per household was Rs.252 thousand.

Odisha

  • In rural Odisha, the average value of asset per household was Rs.532 thousand (Rs.621 thousand for cultivator households and Rs.340 thousand for non-cultivator households).
  • In urban Odisha, the average value of asset per household was Rs.1,341 thousand (Rs.2,429 thousand for self-employed households and Rs.938 thousand for other households).

Percentage share of different components of assets in total value of assets as at June-end 2018

India

  • In rural India, land and building together constituted 91.5% share in the total value of assets, with land having 69.2% share and buildings 22.3% share followed by deposits (4.5%) and other assets (4%).
  • In urban India,the share of land in total value of assets was 49.4% followed by building (37.5%), deposits (9.1%) and other assets (5%).

Odisha

  • In rural Odisha, land and building together comprised 83.8% share in the total value of assets, with land having 45.1% share and buildings 38.7% share followed by deposits (10.7%) and other assets (5.5%).
  • In urban Odisha,the share of land in total value of assets was 44.4% followed by building (34.4%), deposits (16.7%) and other assets (4.5%). 

(To be continued)

About the Author:

Dr. Manas R. Das is a former senior economist of the State Bank of India. He has over 30 years of experience as an economist in two large commercial banks. Academically, he is a gold medalist in Bachelor of Arts with Economics Honours from Utkal University, followed by Master’s in Economics from Delhi School of Economics and Doctorate in Economics from Gokhale Institute of Politics and Economics. He is also a Certified Associate of the Indian Institute of Bankers. He has won several awards, besides being a prolific writer.

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