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Increases in shares of durable goods underline increases in prosperity and income. Even though this is an aggregate fact sheet, that improvement cannot be denied.
The average monthly expenses in rural and urban households have narrowed in the past two decades with a sharp rise in rural consumption, shows a key expenditure data released after a gap of 11 years.
Rising expenditure on eggs, fish and meat across rural, urban households.
The survey report shows that the average MPCE of families “self-employed in agriculture” was Rs 3,702 in 2022-23 (August-July), while the overall average of rural households was Rs 3,773.
Average monthly rural spend Rs 3,773; average monthly urban spend Rs 6,459