• UGI USER
  • Mar 06, 2024
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THE DYNAMICS OF HOUSEHOLD CONSUMPTION

Why in the news?

The NSSO released the Household Consumption Expenditure Survey 2022-23, providing insights into spending patterns and economic trends in India.

Highlights of Recent Household Consumption Expenditure Survey:

Poverty Reduction:

  • Recent survey indicates a 5% poverty rate, as per NITI Aayog’s assessment.
  • Findings from the previous survey (2017-18) were not released due to data quality concerns.

 Survey Findings:

  • Average MPCE increased by 33.5% in urban and 40.42% in rural areas since 2011-12.
  • Significant portion of household expenditure is allocated to food items, with 46% in rural and 39% in urban areas.
What is NSO(National Statistical office)?

●   Formed in 2019 by merging CSO and NSSO.

●   Originated from the C. Rangarajan Committee’s recommendation.

●   Operates under the Ministry of Statistics and Programme Implementation (MoSPI).

●   Responsibilities include collecting, compiling, and disseminating reliable statistical data.