Rural, urban consumption inequality dips during August 2023-July 2024: Government Survey
The Hindu
Consumption inequality decreased in rural and urban areas during August 2023-July 2024, according to latest survey data.
Consumption inequality in rural as well as urban areas declined during August 2023-July 2024 period as compared to a year ago, according to the latest Household Consumption Expenditure Survey released on Friday (December 27, 2024).
The Gini coefficient declined to 0.237 from 0.266 for rural areas and to 0.284 from 0.314 for urban areas during the period under review, a statement by Ministry of Statistics & Programme Implementation on the survey said.
The Gini coefficient statistically measures consumption inequality and wealth distribution within a society.
The "consumption inequality, both in rural and urban areas has declined from the level of 2022-23," stated the Household Consumption Expenditure Survey (HCES) based on the fieldwork undertaken during August 2023 to July 2024.
The average MPCE (monthly per capital expenditure) in rural and urban India in 2023-24, without taking into account the social welfare schemes, has been estimated at ₹4,122 and ₹6,996 (at current prices), respectively.
According to the survey, the MPCE was ₹3,773 in rural areas and ₹6,459 in urban areas (at current prices) in 2022-23.
The estimates of MPCE of 2023-24 are based on the data collected from 2,61,953 households (1,54,357 in rural areas and 1,07,596 in urban areas) in the central sample spread over all states and Union Territories in the country.
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