Key Points
The National Sample Survey Office (NSSO) has released a comprehensive study showing a significant increase in monthly household consumer spending in India from 2011-12 to 2022-23...
The per capita monthly household expenditure (MPCE) increased from Rs 1,430 in rural areas and Rs 2,630 in. urban areas. in 2011-12 to Rs 3,860 and Rs 6,521 respectively in 2022-23, at current prices, the National Sample Survey Office (NSSO) said on Saturday...
The survey also accounted for the value of items received and consumed by the households free of cost through various social welfare programmes, such as food grains, edible oil, salt, sugar, laptops, tablets, mobile phones, bicycles, motorcycles, clothing, and footwear...
The increase in MPCE reflects the rising income levels, consumption patterns, and living standards of the Indian population, especially in the urban areas, where the MPCE more than doubled in both current and constant prices...
The government has also launched several initiatives to boost consumer confidence and spending, such as the Atmanirbhar Bharat (self-reliant India) campaign, the production-linked incentive (PLI) scheme, and the Pradhan Mantri Garib Kalyan Yojana (Prime Ministers Poor Welfare Scheme).. household spending. is coupled with government efforts to boost social welfare, as seen in the distribution of essential goods and services...
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