Rural India's consumption growth outpaces urban areas, narrowing the spending gap to 70%.

India's latest Household Consumption Expenditure Survey shows rural consumption is rising faster than urban consumption, narrowing the urban-rural gap to 70%. Average monthly per capita expenditure (MPCE) in rural and urban India is ₹4,122 and ₹6,996, respectively, with non-food items accounting for the majority of spending. Consumption inequality has also declined in both areas.

December 27, 2024
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