How Urban & Rural Indians Spend Their Money
The National Sample Survey Office [NSSO] and Ministry of Statistics and Programme Implementation recently released some of the key indicators of household consumer expenditure in India and it makes for some interesting reading.
The NSSO survey, in it’s 68th edition, aims at generating estimates of household monthly per capita expenditure (MPCE) and the findings based on the data collected between July 2011–June 2012. The sample for data collection was spread across 7,469 villages in rural areas and 5,268 urban blocks spread all across India.
Key Findings
Monthly expenditure of Rural Indians was estimated to be at Rs. 1430, as compared to Rs. 2630 for urban Indians, which means Urban Indians spend nearly 84 percent more money every month on average as compared to Rural Indians.
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