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LATEST NEWS UPDATES | Consumer spending falls for first time since 1973 due to low rural demand: NSO data

Consumer spending falls for first time since 1973 due to low rural demand: NSO data

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published Published on Nov 15, 2019   modified Modified on Nov 15, 2019
-India Today

The NSO report claims the consumer spending in villages for FY18 dipped by 8.8, whereas, it rose by 2% in cities over six years

Consumer spending dropped for the first time since 1973 on weak rural demand, according to National Statistical Office (NSO).

Latest consumption expenditure survey, titled 'Key Indicators: Household Consumer Expenditure in India', reveals that the average sum of money a person spends in a month dropped by 3.7% to Rs 1,446 in FY18 (2017-18) from Rs 1,501 in FY12 (2011-12). The numbers have been adjusted for inflation, taking FY10 (2009-10) as the base year.

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India Today, 15 November, 2019, https://www.businesstoday.in/current/economy-politics/consumer-spending-falls-in-four-decades-due-to-low-rural-demand-nso-data-villages-expenditure/story/390430.html


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