Eco Survey: Bottom 10% See Sharpest Consumption Rise, Poverty Falls

• The Economic Survey highlights that government welfare measures have significantly reduced poverty and improved income distribution.
• 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 reflects a decline in consumption inequality and gains for disadvantaged groups.
• The Survey emphasizes amplifying rural economic momentum through local opportunities, innovation, and community engagement for inclusive growth.

Why It Matters: Government welfare policies have effectively boosted consumption for the poorest, reducing poverty and inequality.