How India spends4 min read . Updated: 08 Dec 2016, 09:54 AM IST
The money lavished on weddings is more than double the amount spent on higher education in India, shows the ICE 360 Survey
New Delhi: Rural households collectively outspent their urban counterparts over the past year, according to data from a nationally representative consumer survey. Aggregate household expenditure in India 2015-16 was Rs42.2 trillion. Rural households accounted for 57% of the aggregate spending while urban ones accounted for 43%, the ‘Household Survey on India’s Citizen Environment & Consumer Economy’ (ICE 360° survey) conducted this year shows. The reference period for calculating the annual expenditure was April 2015-March 2016.
Select your Category