CutTheClutter: What’s India eating, where it’s spending, is poverty declining, MSP trap: takeaways from HCES report

After an 11-year break, highlights on household consumption was published last Saturday, by the Ministry of Statistics and Programme Implementation (MoSPI). In addition to trends in the composition of such expenditure, the report featured estimates of Monthly Per Capita Consumption Expenditure (MPCE) split across income classes, urban and rural India, States, and Union Territories. The full report will be released later. In Episode 1405 of Cut The Clutter, Editor-in-Chief Shekhar Gupta analyses key takeaways from Consumption Expenditure Survey and what it says about the 'MSP trap'.----more----Raed Household consumption expenditure survey 2022-23 here: https://www.mospi.gov.in/sites/default/files/publication_reports/Factsheet_HCES_2022-23.pdf----more----Read Nikhil Rampal’s article here: https://theprint.in/economy/here-are-5-key-takeaways-from-household-consumption-expenditure-survey-2022-2023-highlights/1980278/