80 pc of rural households report higher consumption, 42.2 pc see income growth: NABARD

December 11, 2025 2:10 PM

80 pc of rural households report higher consumption, 42.2 pc see income growth: NABARD

About 80 per cent of rural households have consistently reported higher consumption over the last year a hallmark of rising prosperity, a NABARD survey showed on Thursday. About 67.3 per cent of monthly income is now spent on consumption, the highest share since the survey began, aided by GST rate rationalisation. This demonstrates strong, broad-based demand not sporadic or concentrated in specific segments, according to a statement from Finance Ministry. The eighth round of NABARD’s Rural E...

Mobile phones, vehicles drive convergence in asset ownership across India, EAC-PM report says

November 25, 2025 10:19 AM

Mobile phones, vehicles drive convergence in asset ownership across India, EAC-PM report says

Household spending patterns in India are shifting away from basic necessities towards asset-building categories, the Economic Advisory Council to the Prime Minister (EAC-PM) said in a new report. The survey found that households are increasingly allocating more of their budgets to personal goods and cooking and household appliances, even among the bottom 40% of income groups. Spending on clothing and footwear has comparatively declined. “Household spending is shifting from basic necessities ...