The Economic Review of the year 2024-25 states that private final consumption expenditure (PFCE) has increased in the first half of FY 2025. The review states that its indicators such as two -wheeler, three -wheelers and tractors show that rural demand has boosted the increase in private consumption. The review said, ‘It also shows the Rural Economic Station and Dharna Survey of National Agriculture and Rural Development Bank (NABARD) in January this year. In this, 78.5 percent rural families had informed about increasing consumption expenditure. It also states that rural consumption will also increase in the last half of the financial year and it will get high MSP (minimum support price) for bumper kharif crops and potentially good Rabi crops.
But the review states that urban demand is mixed. Quoting the Federation of Automobile Dealers Association (FADA) data, it has been said that the sales of passenger vehicles during April to November last year have increased to 4.2 per cent in the sales of a year ago, which was 9.2 per cent in the same period of 2023, which was 9.2 per cent in the year 2023. .
The review said that according to Nielson IQ, the sale of everyday goods (FMCG) in urban areas has also increased slightly in the first half of the current financial year. On the other hand, between April and November 2024, the air passenger has also registered a stable increase of 7.7 percent. The review said, ‘PFCE has indicated an annual increase of 7.3 per cent in the first advance estimate for PFCE at stable prices for FY 2025, indicating a rise in recent months
Gives. ‘
Regarding the rise in rural demand, it has been said that in the domestic consumption expenditure survey of 2023-24, it has been said that the difference between urban-rural in consumption expenditure has been said. It said, ‘The average expenditure incurred by a person every month in 2023-24 (MPCE) was Rs 4,122 in rural India and Rs 6,996 in urban India. If the estimated price of free items is added through various welfare schemes, then it was Rs 4,247 for rural areas and Rs 7,078 for urban areas. The urban-rural difference in MPCE has come down from 84 per cent to 71 per cent in 2022-23 in the year 2011-12. In the year 2023-24, it has come down to 70 percent further.