Mapping Indian Consumers Spending Habits

The Household Consumer Expenditure Survey (HCES) data released by the Ministry of Statistics and Programme Implementation provides crucial insights into Indian household spending patterns after an 11-year gap. This data is vital for updating consumer price inflation baskets and offers policymakers a comprehensive view of income, expenditure, and consumption trends. The latest survey indicates a significant reduction in poverty levels, with doubled per capita monthly household expenditure signalling increased prosperity. Notably, there's a shift towards discretionary spending, as households allocate more resources to items like clothing, electronics, and entertainment, reflecting changing consumption patterns over the past decade. Economist Saugata Bhattacharya delves into the implications of this NSSO consumer survey.