Share of conveyance spending witnesses sharpest increase

Spending on conveyance by Indians has increased the most in the past decade, thus reflecting an increased cost and frequency of mobility across the country.

- SHIVA RAJORA

According to the latest findings from the latest household consumption expenditure survey (HCES) released on Friday, the share of expenditure on conveyance in nominal terms has increased sharply in both the rural and urban areas between the years 2011-12 and 2022-23. While the share of consumption expenditure on conveyance increased to 7.6 per cent from 4.2 per cent in rural areas, it increased to 8.6 per cent from 6.5 per cent in urban areas. In effect, a person on an average spent 285 of 3,773 monthly on conveyance in rural areas in nominal terms. Similarly, a person in urban areas spent an average of ₹555 of 6,459 in a month on conveyance in nominal terms.