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    HomeNewsOpinionThe Household Consumption Survey data for 2023-24 doesn’t fit premiumisation narrative

    The Household Consumption Survey data for 2023-24 doesn’t fit premiumisation narrative

    Monthly Per Capita Expenditure (MPCE) of the top 5 percent of households in urban India fell from Rs20824 in 2022-23 to Rs 20310 in 2023-24, while in rural India it went down from Rs10501 to Rs10137 over the same period

    Manas Chakravarty
    January 02, 2025 / 11:46 IST
    The fall in consumption inequality is welcome, but for businesses what matters more is where the incremental consumption is coming from
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