Released by Ministry of Statistics and Programme Implementation (MoSPI), it provides results for second survey undertaken during August 2023 to July 2024 covering whole of India.
- Findings of the first one (2022-23) were released in February.
Key Findings of the Survey
- Average Monthly Per Capita Expenditure (MPCE): Estimated to be Rs. 4, 122 (Rural) and Rs. 6,996 (Urban) for 2023-24.
- Narrowing of Urban-Rural Gap in MPCE: Declined to 70% (2023-24) from 71% (2022-23) confirming sustained momentum of consumption growth in rural areas.
- Inequality among classes: Bottom 5% of India’s rural population (ranked by MPCE) has an average MPCE of Rs. 1,677 while it is Rs. 10, 137 for top 5%.
- Inequality among States: MPCE is highest in Sikkim and lowest in Chhattisgarh.
- Consumption Behaviour: Greater spending observed on non-food items in both rural (53%) and urban (60%) areas, with the major contribution from conveyance, clothing, etc.
- Rent constitutes a share of 7% of non-food expenditure in urban areas.
- In food items, beverages and processed food stands as the major contributor.
- Decline in Consumption inequality: The Gini coefficient has shown decline in both rural and urban areas compared to previous year.
- Gini Coefficient measures the extent of income inequality among households. It ranges from 0 (perfect equality) to 1 (perfect inequality).
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