Rich people and other people who own property in India have a wealth of over Rs 20,000 crore.
According to a new report, the real net worth of the population is Rs 22,600 crore.
The report from WealthSimple, a data analytics and financial data service provider, comes a month after the government announced a new ‘Evo-Sachin’ initiative to provide affordable affordable education for the poor.
In a report titled ‘Real Wealth of India’, WealthSimple estimates that the average Indian family has an estimated net worth that stands at Rs 22.6 lakh crore.
The report also states that the country’s population has a net worth ranging from $2.5 lakh crore to over Rs 30 lakh crore, depending on the age bracket and the household size.
The ‘Eve-Sampin’ scheme is the latest in a series of initiatives that the government has launched to make the country a “smart country”.
According to the Economic Survey 2015-16, the median wealth of the country is around Rs 26 lakh crore and the wealth of those in the top 20 per cent of the income distribution is estimated to be $13,000.
The average wealth of Indian households is estimated at Rs 16.7 lakh crore as on January 10, 2017, the report said.
The richest households in the country have a net wealth of around $5.6 trillion.
Among the richest families, the richest 5 per cent has a wealth worth Rs 7.3 trillion, according to the report.