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Rural, urban consumption gap narrows
The New Indian Express Kannur
|December 28, 2024
The gap between urban and rural consumption narrowed as the average monthly per capita consumption expenditure grew 9% in nominal terms in rural areas and 8% in urban areas in 2023-24, the latest household consumption data released by Ministry of Statistics and Programme Implementation showed. The gap between urban and rural consumption declined to 70% in 2023-24 from 71% in the previous year.
The household consumption survey was conducted from August 2023 to July 2024. According to the new data, monthly consumption expenditure in current prices was ₹4,122 in rural areas and ₹6,996 in urban areas in 2023-24. In the previous year, the average monthly consumption expenditure was ₹3,773 in rural areas and ₹6,54
This story is from the December 28, 2024 edition of The New Indian Express Kannur.
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