December 27, 2024 8:03 PM

Rural consumption growth narrows urban-rural gap in India: survey

India’s rural consumption is showing sustained growth, leading to a shrinking gap between urban and rural expenditure, according to the latest Household Consumption Survey released by the Ministry of Statistics. The survey highlights that the urban-rural gap in monthly per capita consumption expenditure (MPCE) decreased further in 2023-24. In 2011-12, this gap stood at 84% but fell to 71% in 2022-23 and further narrowed to 70% in 2023-24. The average MPCE for rural areas in 2023-24 is estima...