Syllabus: GS-III, Subject: Economy, Topic: Growth, Development and inclusion, Issue: Household Consumption Expenditure Survey
Context: Household Consumption Expenditure Survey released by Statistics Ministry
- Conducted by NSSO every five years.
- Average monthly per capita consumer expenditure rose more than 30% in cities and more than 40% in rural areas since 2011-12.
- Proportion of monthly spends on food has slipped below 50% in rural homes (to 46.4%), and under 40% in urban homes.
Key concerns:
- The average spending increase in rural and urban areas over the last 11 years falls considerably below inflation and GDP growth rates.
- Despite significant transfers under welfare schemes,
- Decrease in monthly spend towards food suggest a possible decrease in Consumer inflation.
- The finding of survey becomes more important due to absence of census data.
