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EMPOWERING EVERY HOUSEHOLD: FOUNDATION OF PM MODI'S VISION OF VIKSIT BHARAT

The Business Guardian

|

March 03, 2024

The Ministry of Statistics and Programme Implementation (MOSPI) recently unveiled key findings from the Household Consumption Expenditure Survey (HCES) conducted during 2022-23.

- LAKSHIT MITTAL

EMPOWERING EVERY HOUSEHOLD: FOUNDATION OF PM MODI'S VISION OF VIKSIT BHARAT

While the comprehensive report is awaited, the released data offers profound insights into Prime Minister Narendra Modi's visionary leadership over the past decade-tangible vikas reaching every household in the country at an unprecedented scale. These insights are crucial for citizens to assess the Modi government's performance over the last decade and make electoral decisions for the upcoming Lok Sabha elections.

Under PM Modi's governance focused on "Antyodaya" and uplifting the marginalized, India's ruralurban divide in household consumption has sharply reduced from 83.9 percent in 2011-12 to just 71.2 percent in 2022-23-marking rapid bridging of this gap under PM Modi's policies. Driven by the government's unwavering commitment to grassroots, rural MPCE has risen a staggering 164 percent compared to 146 percent growth in urban areas-proving rural India is now marching ahead at the vanguard of India's consumption story, leaving behind the days of neglect under previous regimes. It also attests to the efficacy of PM Modi's approach, solidifying the government's standing among voters and explaining reasons why PM Modi enters every election on a pro-incumbency stance.

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