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01Feb 2025

Household Consumption Survey Reveals Economic Inequality Decline

Why in the news? The Ministry of Statistics and Programme Implementation released the 2023-24 Household Consumption Expenditure Survey, highlighting reduced urban-rural consumption gaps, declining Gini coefficients, and improved economic well-being across India, reflecting increased economic inclusivity and balanced development. Urban-Rural Consumption Gap: The urban-rural consumption disparity has declined across major states, indicating balanced economic growth. …

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01Feb 2025

India’s Economic Survey 2024-25 Highlights Growth Amid Challenges

Why in the news? The Economic Survey 2024-25 was tabled by Finance Minister Nirmala Sitharaman, outlining India’s steady economic growth amidst global uncertainties, with recommendations for deregulation and business-friendly reforms to boost consumption, employment, and innovation. Global Economic Concerns: The 2024-25 Economic Survey highlights the unfavorable global economic environment. Global trade and investment have slowed, …

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