India, Jan. 30 -- The Government of India issued the following news release:
The Ministry of Statistics and Programme Implementation (MoSPI) published the summary findings of the second of the two consecutive surveys on household consumption expenditure planned to be conducted during 2022-23 and 2023-24 on 27thDecember 2024 in the form of a factsheet. Prior to this, the detailed report and the unit level data of the survey of 2022-23 was released in June 2024.The detailed report of the Household Consumption Expenditure Survey: 2023-24 (HCES:2023-24) along with the unit level data is being released now.
HCES is designed to collect information on consumption and expenditure of the households on goods and services. The survey provides data required to assess trends in economic well-being and to determine and update the basket of consumer goods and services and weights used for the calculation of the Consumer Price Index. Data collected in HCES is also used to measure poverty, inequality, and social exclusion. The Monthly Per Capita Consumption Expenditure (MPCE) compiled from HCES is the primary indicator used for most analytical purposes.
The estimates of MPCE of 2023-24 are based on the data collected from 2,61,953 Households (1,54,357 in rural areas and 1,07,596 in urban areas) in the central sample spread over all States and Union Territories in the country. As in HCES:2022-23, in HCES:2023-24 also two sets of estimates of MPCE have been generated: (i) without considering imputed values of items received free of cost by the households through various social welfare programmes and (ii) considering imputed values of items received free of cost by the households through various social welfare programmes. The first set of estimates are presented in Section A while some selected indicators on the second ones are presented in Section B[i].
Important Findings of HCES:2023-24
The average MPCE in rural and urban India in 2023-24 has been estimated to be Rs. 4,122 and Rs. 6,996, respectively without taking into account of the values of items received free of cost by the households through various social welfare programmes.
Considering the imputed values of items received free of cost through various social welfare programmes, theseestimates become Rs. 4,247 and Rs. 7,078respectively, for rural and urban areas.
At all-India level, the urban-rural gap in MPCE has declined to 71% in 2022-23 from 84% in 2011-12 and it has further reduced to 70% in 2023-24.
Among the 18 major states, the urban-rural gap in average MPCE has declined in 18 states.
Consumption inequality, both in rural and urban areas,for almost all the 18 major states has declined in 2023-24 from the level of 2022-23. At all-India, the Gini coefficient of consumption expenditure has declined to 0.237 in 2023-24 from 0.266 in 2022-23 for rural areas and to 0.284 in 2023-24 from 0.314 in 2022-23 for urban areas.
Estimates of MPCE (without considering imputed values of items received free of cost through various social welfare programmes in HCES:2023-24)
The values of average MPCE for HCES:2023-24 and HCES:2022-23 without considering the imputed values of the items received free of cost through social transferat all-India level at currentprices and at 2011-12 prices are given in Table 1 below:
Table Omitted (The document can be viewed at https://pib.gov.in/PressReleasePage.aspx?PRID=2097601 )
Disclaimer: Curated by HT Syndication.
