Rural Consumption

It also noted that the impulse from rural demand is expected to continue in the second half of the financial year

Kerala, Telangana, and Tamil Nadu lead India in household consumption, surpassing the national average in spending

Conversely, among non-food items, rural households reduced spending on medical care, education, rent, fuel, and durable goods

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. 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 Rs 4,122 and Rs 6,996 (at current prices), ...

Urban prosperity should hardly be dependent upon government support, which is after all unsustainable over a long period

Rural may outpace urban; rain plays spoilsport for out-of-home consumption, beverages: Analysts

The company has increased its rural distribution and now has up to 30,000 rural distributors

With increasing affluence, the new India is spearheaded by aspiration for better quality of life, he says

In addition to rural schemes, normal monsoons are expected to sustain the rally of consumer majors

Lower taxes and levies on mobile phones and associated products such as chargers to help bring down prices

Increasing trends of premiumisation and volume growth may also expand operating margins by 50-75 basis points, despite higher marketing expenses and competition

Rural consumer sentiment is at its lowest level in FY25

There are many changes happening that should help big FMCG brands reach rural consumers

The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24

The state plans to fund about 8,300 enterprises under two credit schemes: Mukhyamantri Yuva Swarojgar Yojana and Mukhyamantri Gramodyog Rojgar Yojana

According to Kantar Worldpanel, rural has overtaken urban growth at the quarterly level quicker than expected

Analysts say rural demand stagnates while urban areas drive low to mid-single-digit volume growth, posing challenges for the sector

Spending share increased on intoxicants, toilet articles, entertainment

Budget schemes to revive demand over a period of time

Q3 is a very big quarter...Overall edible oil growth is flattish, but when you look at the packed segment, it has shown a growth rate of 4-5 per cent, said Angshu Mallick, MD and CFO of Adani Wilmar