Household Spending Doubled Since Last Decade, Non-Food Expenses On Rise: Data
Household spending has been rising (Representational) New Delhi: In a significant reflection of the country’s economic progress, the per capita monthly household consumption expenditure (MPCE) has more than doubled from 2011-12 to 2022-23, according to the latest Household Consumption Expenditure Survey (HCES). Based on data collected from 2,61,746 households (1,55,014 in rural areas and 1,06,732 … Read more