The household income and consumption of the households in holds key to the data where results are adjusted to the household size. Different countries are using different techniques, standards and procedures for data collection and their adjustment according to their market. An income-based survey will normally show an unequal distribution as compared to the survey based on consumption. In India, due to its long history of surveys, the quality has significantly improved and updating with the time. Yet, inter- country comparisons are cautiously looked at the present moment.
The last decade has seen a sharp increase in income and consumption due to change in govt. policies towards a more economic liberalization. Many foreign companies are setting up or have already set up their bases in India and multiplying their profits due to availability of cheap labour, educated class, and easy availability of technology.
This has resulted in the appreciation of income especially for those who are living in big metropolitan cities like Mumbai, New Delhi, Bangalore, Pune, Chandigarh, Chennai, and Hyderabad etc. The present trend shows a continuous increase in household income and hence consumption which is the driving force behind India’s present growth rate of around 7.5%.
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