Average monthly income of rural households goes up by over 57% between 2016-17 and 2021-22, says NABARD survey

The average monthly income of rural households has grown by over 57 percent from 2016-17 to 2021-22. According to the second All India Rural Financial Inclusion Survey by the National Bank for Agriculture and Rural Development (NABARD), the average monthly income increased from 8,059 rupees in 2016-17 to 12,698 rupees in 2021-22. The average monthly expenditure of households also increased from over 6,600 rupees to over 11,200



rupees. 

The survey found that financial savings also rose, with average household savings increasing to over 13,200 rupees, from around 9,100 rupees during the period. Around 66 percent of households reported saving in 2021-22, up from 50.6 percent in 2016-17. Meanwhile, the proportion of households with outstanding debt increased from around 47 percent in 2016-17 to 52 percent in 2021-22.