Current Affairs · Household Consumption Expenditure Survey Trends
Evaluate the following statements regarding statistical findings from the Household Consumption Expenditure Survey 2023-24 concerning poverty and consumption trends in India: 1. Rural poverty declined significantly, while the Monthly Per Capita Consumption Expenditure (MPCE) for urban areas reached ₹6,459. 2. Consumption inequality witnessed a reduction across demographics, with the Gini Coefficient dropping to around 0.24 in rural areas and 0.28 in urban areas. 3. The poverty threshold MPCE value for rural areas is set lower than the urban threshold due to lower average living expenses in rural regions. Select the correct option:
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