Meghalaya, Manipur, Nagaland, Mizoram highest spenders

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Meghalaya, Manipur, Nagaland, Mizoram highest spenders

New Delhi, March 21: Meghalaya along with regional states – Manipur, Nagaland and Mizoram – have fared better than giant states like Gujarat in a recent study of the 68th National Sample Survey Organization (NSSO) of the Union Ministry of Statistics and Programme Implementation in terms of monthly spending.

 

Though Gujarat has been rated as a state with lesser spending inequality alongside Bihar but this is not going to hamper the prospect of the saffron party BJP in the ensuing general election.

 

The right and at the same time strange part of this study is Meghalaya has higher per capita monthly spending and strange because the tribesmen have a tendency to spend more than what they earn – a trend that is actually having a sorry effect on the tribal society here.

 

Savings is comparatively much lesser among the Tribals than any other communities here and in mainland. Gujarat is among states in the country alongside West Bengal where its citizens spend more on travelling to tourist destinations.

 

Going by this parameter the NSSO findings actually proves futile. However the findings surely do not have any effect on the intense public debate that is taking place on the development models of Gujarat. Even the BJP prime ministerial candidate is campaigning viciously on this model across the country for the upcoming general election.

 

On the other hand Arvind Kejriwal of the Aam Aadmi Party (AAP) is raising doubts about the Gujarat success story but his intimidating tactics has not gone too well with the electorates in the country. Bihar on the other hand has fared better than the past NSSO findings. Though Gujarat’s per capita monthly spending is below the national average, according to the NSSO, but Haryana and Kerala has the highest per capita monthly spenders in the country.

 

Meanwhile, economists and statisticians do not find any wrong with Gujarat’s low spending as they reason it to the state’s higher savings rates by its citizens. They substantiate this based on studies which shows that Gujarat’s savings rate is similar to that of South Korea and China while acclaiming the Gujaratis for their saving habits despite immense inflation.

 

The glaring part of this study that is having a telling effect upon consumers is the fact that the poorest 10 percent population of rural India spends only Rs. 17 (approx) per day for their survival posing a big question – what one can get with this amount in today’s inflationary regime. The detailed report of this survey will be available sometime next year but these preliminary data are showing the sorry downtrend growth state of the economy.

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