-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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