Search For "consumption expenditure"
CPI inflation for January recorded at 2.75% under new base year
Updated : 2 months, 1 week ago IST
Under the new arrangement, the base year has been revised from 2012 to 2024 using Household Consumption Expenditure Survey 2023-24. Further, now there are 12 Divisions in place of 6 Groups in accordance to Classification of Individual Consumption According to Purpose (COICOP) 2018. The year-
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Household spending in India shifts towards asset-building, Motor vehicles
Updated : 6 months ago IST
Household spending patterns in India are witnessing a major shift from basic necessities towards asset-building expenditure, highlighted a survey report by the Economic Advisory Council to the Prime Minister (EAC-PM).
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Ministry of Statistics to hold conference to foster knowledge exchange bet
Updated : 1 year, 1 month ago IST
The conference will address several important topics, including the sampling methodologies used in surveys, the latest findings from the Household Consumption Expenditure Survey (HCES) for 2023-24, and recent updates in the Periodic Labour Force Survey (PLFS).
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"I think the economy is slowing down": BJD leader highlights pressures for
Updated : 1 year, 3 months ago IST
BJD leader Amar Patnaik comments on the challenges faced by the Union Budget 2025, pointing out the global economic stresses, protectionist policies, and critical domestic issues like price rise, unemployment, and consumption expenditure.
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Recent changes in household finances in India are worrisome says Motilal O
Updated : 1 year, 9 months ago IST
On the savings front, household total savings stood at 23.3 per cent of PDI (18.4 per cent of GDP) in FY23, nearing a two-decade low. Net Financial Savings (NFS) were particularly concerning, reaching a four-decade low of 6.6 per cent of PDI. Physical savings, on the other hand, hit a decade
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Household spending on food has dropped, increase in non-food items' expend
Updated : 1 year, 11 months ago IST
Household Consumption Expenditure Survey released by NSSO indicates a significant change in spending patterns by consumers. While spending in rural areas increased by 164 per cent and in urban areas by 146 per cent since 2011-12 at current prices.
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Should we have a new poverty line? asks Bibek Debroy EAC-PM chairman
Updated : 1 year, 11 months ago IST
Chairman of the Economic Advisory Council (EAC) to the Prime Minister, Bibek Debroy, emphasized the need for a new poverty line at a data user conference organized by the Ministry of Statistics and Programme Implementation (MoSPI) in Delhi on Wednesday.
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NSSO to organise conference on household consumption expenditure survey on
Updated : 1 year, 11 months ago IST
The National Sample Survey Office (NSSO) is set to host a one-day data user conference on June 19 in Delhi to discuss the Household Consumption Expenditure surveys for 2022-23.
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No hurry to cut interest rates, US Fed Chair indicates
Updated : 2 years, 1 month ago IST
The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures price index, was up 2.5% for the 12 months.
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India's economic growth surges, defying global challenges: Asian Developme
Updated : 2 years, 5 months ago IST
According to Asian Development Outlook, recent data reveals that India's GDP expanded at a robust rate of 7.1 per cent in the first three quarters of the calendar year, propelled by strong industrial production and substantial investment.
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India's FY24 GDP growth is likely to be higher than threshold 6 per cent:
Updated : 3 years, 2 months ago IST
A SBI Research report said India's FY24 GDP growth is likely to be higher than the threshold 6 per cent. The report, titled Ecowrap, added though some reports indicated that there may not be a one-to-one correspondence between El Nino and Indian droughts, the recent fears seem misplaced.
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Provide tax rebate, reduce cost of doing business for MSMEs: PHD Chamber t
Updated : 3 years, 6 months ago IST
Saket Dalmia, President, PHD Chamber of Commerce and Industry, said there must be focus on decriminalisation and reduction in costs of doing business. For financial mistakes, there should be financial redressal such as penalties and not imprisonment, according to a statement from the indu
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