Posted 2/24/2024, 6:24:00 PM
Household Spending Jumps Over 30% Since 2011; Food Share of Budget Drops
- Average monthly spending per person increased 33.5% to ₹3,510 in urban households and 40.42% to ₹2,008 in rural households since 2011-12
- Proportion of spending on food dropped from 42.6% to 39.2% in urban households and from 52.9% to 46.4% in rural households
- Survey based on data collected from 2,61,746 households across all states and union territories
- Bottom 5% of rural population has average monthly spending of ₹1,373 per person, while it's ₹2,001 for bottom 5% urban
- Monthly spending per person highest in Sikkim (rural ₹7,731, urban ₹12,105) and lowest in Chhattisgarh (rural ₹2,466, urban ₹4,483)