Modi's splurging Gujarat is a myth
A survey on spend list by the National Sample Survey Organisation has put Gujarat at the bottom of a 20-state list. Oil Inflation I All Headlines
By TNN |
GANDHINAGAR: If the stereotype of a Gujarati is that of a wealthy individual who enjoys the good things in life, this one comes as a shocker. An all-India survey on monthly per capita expenditure (MPCE) by the authoritative National Sample Survey Organisation (NSS) puts Gujarat at the bottom of a 20-state list, ahead of only Bihar, Orissa and UP.
In a startling revelation, the survey found only 2.9% of the state's urban population has an MPCE of more than Rs 2,540 ��� the highest spending category.
The NSSO report���Household Consumer Expenditure in India��� published recently suggests that Gujarat has a very high percentage of people in the middle MPCE category ��� between Rs 580 and Rs 2,540. Almost 83.6% of people fall in this category, behind only Delhi (87.6%) and Assam (84.7%).
In a startling revelation, the survey found only 2.9% of the state's urban population has an MPCE of more than Rs 2,540 ��� the highest spending category.
The NSSO report���Household Consumer Expenditure in India��� published recently suggests that Gujarat has a very high percentage of people in the middle MPCE category ��� between Rs 580 and Rs 2,540. Almost 83.6% of people fall in this category, behind only Delhi (87.6%) and Assam (84.7%).
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The percentage of urbanites in Gujarat spending less than Rs 580 ��� the cut-off for the poverty level ��� is lower than most states, except Assam (8.3%) and Punjab (7.7%). Gujarat���s percentage is 13.3%.
Explaining Gujarat���s low ranking in the high-spending bracket, senior IIM-A economist Ravindra Dholakia says: ���Income levels in Gujarat are more equitable than other states. Also expenditure figures do not reflect the fact that Gujaratis have a much higher propensity to put money in the share market and banks.���
Sociologist Gaurang Jani believes the fast-changing face of urban Gujarat has pushed a very high percentage of people with an average spending capacity in the unorganized sector. Another economist Gagan Bihari Sahu says: ���We find that the urban population seeks to sacrifice the present for the sake of future. They believe in asset creation and spending on human resource development.���
Courtesy: timesofindia.com
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