Urban-rural consumption gap closes further in 2023-24
ET Year-end Special Reads
Two sectors that rose on India's business horizon in 2024
2025 outlook: Is it time for cautious optimism or rekindling animal spirits?
2024: Govt moves ahead with simultaneous polls plan; India holds largest democratic exercise
The average estimated Monthly Per Capita Consumption Expenditure (MPCE) in rural India rose 9.2% to ₹4,122 in 2023-24 from the previous year. In urban areas, the metric climbed 8.3% to ₹6,996. The metrics do not reflect monetary values of items received free of cost by eligible beneficiary households through various social welfare programmes.
«The increase is largely due to government support towards rural areas post Covid. Freebies and subsidies supported the growth in per capita expenditure, in a year when the Southwest monsoon had disappointed (in 2023),» said Yuvika Singhal, economist, QuantEco Research.
Testimony to Sustained Momentum
The urban-rural gap in MPCE has declined to 69.7% in 2023-24 from 71.2% in 2022-23, and 83.9% in 2011-12.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
By — Metla Sudha Sekhar, IT
