India Economy - Does The CES Data Confirm The Sustenance Of Engel’s Law: Systematix

What does the CES data reveal?

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Systematix Research Report

The latest consumer expenditure survey shows a considerable decline in the proportion of food consumption, particularly cereals.

Concomitantly there has also been a rise in spending on non-essential items. This has been interpreted by many as a progression towards affluence.

But is it really the case? We analyze this below

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Systematix India Economy - Does the CES data confirm the sustenance of Engels law.pdf
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