Household consumption expenditure jumps in India as incomes rise ...Middle East

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Household consumption expenditure jumps in India as incomes rise
New Delhi:  Household consumption expenditure on goods and services in both the rural and urban areas of India, which reflects the standard of living and well-being of the population, has shown a robust increase over the last decade, according to the latest survey released by the Ministry of Statistics. The monthly per capita household consumption in rural India jumped by over 40 per cent in 2022-23, after adjusting for inflation, compared to the corresponding figure recorded for 2011-12, according to the survey. In absolute terms, the monthly per capita consumption expenditure in the country’s rural areas shot up to Rs 2,008 in 2022-23 from Rs 1,430 in 2011-12. Urban India also recorded a

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