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ICE360 Survey 2021: PRICE

  • Posted By
    10Pointer
  • Categories
    Polity & Governance
  • Published
    25th Jan, 2022

Context

Recently, a survey named ICE360 Survey 2021 was conducted by People’s Research on India’s Consumer Economy (PRICE).

Key-findings

  • The household income of the rich people increased by 39% in the last five years.
  • The household income of the people in the country has been increasing since 1995. However, it has decreased by 53% in the last five years.
  • The COVID induced lock down halted the economic activities completely for two quarters in 2020-21. Because of this, the GDP of the country decreased by 7.3% in 2020-21.
  • According to the survey, the urban poor are the most affected of all people.
  • During the pandemic, the middle class people and the poor faced disasters. And the rich increased their income.
  • The household income of the middle class people decreased by 2%. The household income of the lower middle class decreased by 32%.
  • During the COVID times, the income of the upper middle class increased by 7%.

ICE 360 Survey

    • The survey was conducted by People’s Research on India’s Consumer Economy (PRICE), a Mumbai- based think-tank.
    • The survey was done between April and October 2021, covering 200,000 households in the first round and 42,000 households in the second round. 
    • It was spread over 120 towns and 800 villages across 100 districts.
    • Key areas-
    • Financial health of Indian households
    • Expenditure maps
    • Occupation and livelihood (how Indian households earn)
    • Quality of living
    • Access to public goods

    Verifying, please be patient.