Consumption Power

As per 66^th round of survey of National Sample Survey Office of India ( NSSO ), consumption power of Indians is growing.

The survey found that the per capita consumption grew as follows :

Ø  In rural India

·        From 1.2 % in 2004/05 to 6 % in 2009/10

·        Still, half the rural households can afford to spend, no more than Rs. 30 / day ( approx.$ 0.66 / day )

Ø  In urban India

·        From 2.9 % in 2004/05 to 6.8 % in 2009/10

·        Still, half the urban  households can afford to spend, no more than Rs. 50 / day ( approx. $ 1.1 / day )

But still that is progress.

So what, if it is only at snail’s pace !

With regards

Hemen  Parekh