Must Read
Consumer spending falling down first time in over four decades
By IndianMandarins- 15 Nov 2019
595The impact of slowdown started reflecting as demand from rural areas declines as well with consumer spending falling down for the first time in more than four decades in 2017-18. The primary reason seems to be driven by slackening rural demand. This is what latest consumption expenditure survey by the National Statistical Office tells about the present situation. The survey — Key Indicators: Household Consumer Expenditure in India — shows the average amount of money spent by a person in a month fell by 3.7 per cent to Rs 1,446 in 2017-18 from Rs 1,501 in 2011-12. The figures for monthly per capita consumption expenditure (MPCE) are in real terms, meaning these have been adjusted for inflation, keeping 2009-10 as the benchmark. In rural areas, it declined by 8.8% in 2017-18; in cities, it rose by 2% over 6 years.
Readers' Choice
Gujarat: A major reshuffle of IPS enacted
Ex IAS officer joins BJP; to be fielded against Harsimrat Badal
ECI rejects proposal to appoint Saunik as CS; extension for Kareer sought
Saunik top contender for Maha CS; Kareer to retire on March 31
Now ED raid in Punjab in guava orchard compensation scam
Consumer spending falling down first time in over four decades
By IndianMandarins - 2019-11-15 11:58:00
The impact of slowdown started reflecting as demand from rural areas declines as well with consumer spending falling down for the first time in more than four decades in 2017-18. The primary reason seems to be driven by slackening rural demand. This is what latest consumption expenditure survey by the National Statistical Office tells about the present situation.
The survey — Key Indicators: Household Consumer Expenditure in India — shows the average amount of money spent by a person in a month fell by 3.7 per cent to Rs 1,446 in 2017-18 from Rs 1,501 in 2011-12. The figures for monthly per capita consumption expenditure (MPCE) are in real terms, meaning these have been adjusted for inflation, keeping 2009-10 as the benchmark. In rural areas, it declined by 8.8% in 2017-18; in cities, it rose by 2% over 6 years.
