Economic Survey: Bottom 10% See Steepest Consumption Growth, Poverty Decline
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Firstpost•29-01-2026, 18:28
Economic Survey: Bottom 10% See Steepest Consumption Growth, Poverty Decline
- •The Economic Survey highlights significant poverty reduction and improved income distribution due to government welfare measures.
- •The bottom 5-10% of the population experienced the sharpest rise in consumption expenditure, both in rural and urban areas.
- •Subsidies, pensions, direct benefit transfers, and public spending on education and healthcare are credited for lifting vulnerable groups.
- •The Household Consumption Expenditure Survey (HCES) 2023-24 confirms a decline in consumption inequality and gains for disadvantaged groups.
- •The Survey calls for amplifying rural economic momentum through local opportunities, innovation, and community engagement for inclusive growth.
Why It Matters: Government welfare policies have significantly boosted consumption and reduced poverty for India's most vulnerable.
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