India's economy recovered more strongly than it got impacted during pandemic: Modi
The Hindu
Prime Minister Narendra Modi on Saturday said that India's economy recovered more strongly as compared to the impact it suffered due to the COVID-19 outbreak.He said that when big economies of the
Prime Minister Narendra Modi on Saturday said that India's economy recovered more strongly as compared to the impact it suffered due to the outbreak. He said that when big economies of the world were busy defending themselves during the pandemic, India was engaged in reforms.
The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.












