Consumer Spending Drops 1st Time in 40 Years, Poverty Up: NSO Data
(WorldNews Business)

A report by the National Statistical Office, based on a consumption expenditure survey conducted by the organisation between July 2017 and June 2018, has shown a drop in consumer spending for the first time in more than four decades on weak rural demand, Business Standard reported. A copy of the report, accessed by Business Standard, shows that the monthly per capita consumption expenditure (MPCE), which stood at Rs 1,501 in 2011-12, fell by 3.7 percent in 2017-18 to stand at Rs 1,446. These figures have been adjusted for inflation, with 2009-10 as the base...