Delhiites rich in cash, less in debt
Delhiites rich in cash, less in debt
Self-employed Delhiites richest, with assets worth Rs 11.6 lakh. A Delhiite owns assets worth Rs 1.62 lakh.

New Delhi: A family in Delhi owns 2.4 times more assets than the average Indian and is six times less in debt, says a Government report released on Tuesday.

A Delhi family, on an average, owns assets worth Rs 7.42 lakh as against the national average of Rs 3.07 lakh, says the report ‘Assets and Liabilities of Household Sector in Delhi’ prepared by the Directorate of Economics and Statistics.

However, the report also says 31 per cent of the total households have assets valued to be less than Rs 50,000, reflecting the sharp contrast in income levels.

A person in Delhi has on an average assets worth Rs 1.62 lakh, says the report, which is based on the 59th round of National Sample Survey (State Sample) carried out in 2003.

The report says an average Delhi household owns assets worth Rs 7.47 lakh and Rs 7.14 lakh in urban and rural areas of Delhi as against the all India average of Rs 4.17 lakh and Rs 2.65 lakh respectively.

While 31 per cent of the total households have assets up to a value of less than Rs 50,000, 37 per cent have assets between Rs 50,000 to Rs 5 lakh, the report said.

About 13 per cent of the households have assets in the range of Rs 5-10 lakh, 14 per cent in the range of Rs 10-30 lakh, three per cent between Rs 30-50 lakh and about 1.4 per cent between Rs 50 lakh to Rs one crore. Only 0.72 per cent of Delhi's families were estimated to be owning assets worth Rs one crore or above.

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According to the survey, the self-employed are the richest, having highest average value of assets of Rs 11.6 lakh as against Rs 5.07 lakh per family in case of the wage and salary category. Delhi ranked third in the country in respect of average value of assets (Rs 7.47 lakhs) per households in urban area after Jammu and Kashmir (Rs 10.67 lakh) and Kerala Rs 7.62 lakh.

The average amount of debt per family in the capital was Rs 1,366 as against the all India average of Rs 8,694. Debt per household was highest in the self-employed category (Rs 2924) followed by wage/salary category (Rs 620).

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