Economics · Indian Economy
Which of the following best explains the rural-urban divergence in consumption behaviour observed in RBI Consumer Confidence Survey findings?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Urban discretionary spend rises with better jobs; rural non-essential spend falls due to credit tightening.
- 2Rural spending rises due to higher rural incomes than urban incomes.
- 3Rural non-essential spend rises due to falling food prices; urban spend falls due to liquidity tightening.
- 4Rural non-essential spend rises with better job outlook; urban discretionary spend remains cautious.✓
Correct answer
Rural non-essential spend rises with better job outlook; urban discretionary spend remains cautious.
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