NEW DELHI:
The National Statistics Office's Household Consumption Expenditure Survey (HCES) showed poorer classes increased spending at a faster rate while expenditure by the richest declined even in nominal terms, leading to reduced consumption inequality.
In rural India, food accounted for 54% of the ₹349 rise in spending. Vegetables, beverages and processed food, and dairy products contributed 35% of this growth. Among non-food items, clothing, bedding and footwear had the largest share at 12.3% of the rise in total rural spending.
This story is from the December 28, 2024 edition of Hindustan Times Navi Mumbai.
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This story is from the December 28, 2024 edition of Hindustan Times Navi Mumbai.
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