All India Debt & Investment Survey
- September 16, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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All India Debt & Investment Survey
Subject – Economy
Context – Debt of households surged between 2012 and ’18: NSO
Concept –
- All India Debt & Investment Survey is conducted by the National Statistical Office (NSO).
- The number of indebted households have risen sharply in rural India, with the average debt shooting up by 84% between 2012 and 2018, and COVID-19 has likely further doubled all households’ borrowings by 2021.
- Rural households’ average debt grew from ₹32,522 in 2012 to ₹59,748 by June 2018.
- Urban households’ average debt increased by 42% in the same period to little more than ₹1.20 lakh.
- The number of households in debt as measured by the incidence of indebtedness among surveyed households, had risen to 35% in rural India from 31.4% in the previous survey, while it remained static at 22.4% for urban households.
- India’s top 10 per cent urban households on an average own Rs 1.5 crore in assets as against Rs 2,000 at the bottom decile, reflecting the sharp divide between the rich and the poor in cities.
- Poor households are better off in rural areas than in urban centres where the average asset size of households at the bottom of the pyramid is just Rs 2,000.
- This indicates that COVID impacted households significantly.
- The latest survey on All India Debt & Investment Survey was conducted during the period January – December, 2019 as a part of 77th round of 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 on Debt & Investment was to collect basic quantitative information on the assets and liabilities of the households as on June 30, 2018.
- Besides, the survey gathered 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 was spread over the entire Indian Union and data were collected in two visits (Visit 1: January-August, 2019 and Visit 2: September – December, 2019) from the same set of sample households.