Why we should not read too much into latest data on spending by Indians
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.
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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.
In today’s edition: crisis in Himachal Congress, Nirmala Sitharaman at Express Adda, and more
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.
According to a statement, the growth in real GDP during 2023-24 is estimated at 7.3 per cent compared to 7.2 per cent in 2022-23.