About 80 per cent of rural households have consistently reported higher consumption over the last year a hallmark of rising prosperity, a NABARD survey showed on Thursday.

About 67.3 per cent of monthly income is now spent on consumption, the highest share since the survey began, aided by GST rate rationalisation. This demonstrates strong, broad-based demand not sporadic or concentrated in specific segments, according to a statement from Finance Ministry.

The eighth round of NABARD’s Rural Economic Conditions and Sentiments Survey (RECSS), presents the clearest evidence of a broad-based revival in rural demand, rising incomes and improved household well-being over the past year.

According to the findings, about 42.2 per cent of rural households experienced income growth the best perform

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