Consider the following statements about the recently released Wealth Index and identify the incorrec...........

Economic Affairs Growth and Indicators

Consider the following statements about the recently released Wealth Index and identify the incorrect one.

Wealth Index has been released on basis of data from fourth round of National Family and Health Survey (NFHS-4).

It has been compiled on basis of information like ownership of consumer goods such as television and bicycles and household characteristics such as availability of clean drinking water.

The index revealed that Delhi and Punjab are the richest states and Jain community is the wealthiest community of the country.

As per the index, Odisha is the poorest state in India.

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Explanation:

As per the index, Odisha is the poorest state in India.

The wealth index is a composite measure of a household's cumulative living standard.
The wealth index is calculated using easy-to-collect data on a household's ownership of selected assets, such as televisions and bicycles; materials used for housing construction; and types of water access and sanitation facilities.