SBI Research backs NSSO report, credits Modi govt for decline in India's consumption inequality
9 months, 3 weeks ago

SBI Research backs NSSO report, credits Modi govt for decline in India's consumption inequality

Op India  

On Tuesday, a research report published by the State Bank of India corroborated the findings of the Household Consumption Expenditure Survey, which was conducted by the National Sample Survey Office. Decadal changes in MPCE show decline in consumption inequality, graphic via SBI Research “Rural Poverty has thus staged a significant 440-basis point decline since 2018-19 and Urban Poverty a 170-basis point decline post-pandemic…This indicates that many Government programmes currently for those at the bottom of the pyramid are having a significant salutary impact on Rural Livelihood,” the SBI Research report said. Difference in Rural and Urban MPCE down to 71.2% now from 88.2% in 2009-2010, graphic via SBI Research The difference between rural and urban Monthly Per-capita Consumer Expenditure has decreased to 71.2% in 2022-20234 from 88.2% in 2009-2010. Difference in rural and urban consumption in India, data and graphics via SBI Research The SBI Research report also noted, “India is becoming more aspirational as indicated by the increasing share of discretionary consumption in rural and urban areas. The speed of aspiration is swifter in rural areas as compared to urban areas.” Difference in Aspirational consumption between 1999-2000 and 2022-2023 in rural and urban India, graphic via SBI Research Data reflects the status of India’s poverty level The data provided in the NSSO survey also paints an accurate picture of the poverty level in the country.

Poverty Research Rural Urban Consumption Report India Sbi Nsso Sbi Research Consumption Inequality  credits  nsso  consumption  mpce  report  modi  inequality  poverty  india  sbi  rural  survey  indias  research  govt  urban  decline

History of this topic

How to address India's falling household savings
14 hours, 9 minutes ago

How to address India's falling household savings

Live Mint  

Savings have long been the backbone of financial stability in Indian households. Read this | Savings to consumption via debt—warnings from India’s households Key factors behind this trend include shifting consumption patterns and evolving investment behaviours among modern consumers. Urban consumers could benefit from digital micro-saving apps linked to everyday expenses, while rural households might prefer simplified savings accounts with …

Mint Explainer: How sustainable is India's rural consumption boom?
1 month ago

Mint Explainer: How sustainable is India's rural consumption boom?

Live Mint  

India’s consumer goods giants found an unexpected saviour this past quarter: rural demand. The periodic labour force survey data show a jump in women’s participation in economic activities in rural India since the Covid-19 pandemic. The easing of labour law provisions by some states to allow women to work night shifts also contributed to raising their participation in economic activities …

'Double engine' of private investment, mass consumption derailed under Modi government: Congress
1 month, 1 week ago

'Double engine' of private investment, mass consumption derailed under Modi government: Congress

New Indian Express  

Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing - raising MGNREGA wages to a minimum of Rs.400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women - to kickstart income growth in rural India. Last week, several CEOs from India Inc …

MGNREGS demand not a real indicator of rural distress: Economic Survey
5 months ago

MGNREGS demand not a real indicator of rural distress: Economic Survey

The Hindu  

Laying the groundwork for revisiting the Mahatma Gandhi Rural Employment Guarantee Scheme as a poverty alleviation tool, Chief Economic Adviser V. Anantha Nageswaran on July 22 noted in the Economic Survey that demand under the scheme was not a “real indicator” of rural distress. According to the survey, while Tamil Nadu has less than 1% of the poor population in …

PM’s Economic Advisory Council chief Bibek Debroy pitches for a review of India’s official poverty line
6 months ago

PM’s Economic Advisory Council chief Bibek Debroy pitches for a review of India’s official poverty line

The Hindu  

Making a pitch to revisit the country’s poverty line, Prime Minister’s Economic Advisory Council chairman Bibek Debroy on Wednesday questioned whether a decline in inequality as suggested by the latest household consumption expenditure survey was a “good thing”, and termed the debate over the gap between the survey’s findings and spends measured in the national income accounts as “sterile”. “We …

Rural-Urban Consumption Dynamics in India
6 months, 1 week ago

Rural-Urban Consumption Dynamics in India

Deccan Chronicle  

Over the past decade, India has witnessed a notable rise in consumption spending in both rural and urban areas, indicating a shift in economic dynamics and lifestyle choices. Furthermore, the changing food habits of the Indian populace have contributed to the evolving consumption patterns observed in both rural and urban areas. In conclusion, the equivalent rise in consumption spending in …

India logs fall in inequality between 2011-12 and 2022-23, says govt report
6 months, 2 weeks ago

India logs fall in inequality between 2011-12 and 2022-23, says govt report

Hindustan Times  

Inequality in both rural and urban areas of India fell between 2011-12 and 2022-23, according to a full report on Household Consumption Expenditure released on Friday by the National Sample Survey Office. The full report released Friday shows a fall in the Gini coefficient, a commonly used measure of inequality, for both rural and urban spending between 2011-12 and 2022-23 …

Big numbers, small impact? Understanding the effect of the Centre’s $400 billion welfare spend on monthly consumption
6 months, 4 weeks ago

Big numbers, small impact? Understanding the effect of the Centre’s $400 billion welfare spend on monthly consumption

Hindustan Times  

$400 billion — this is how much Prime Minister Narendra Modi has said his government spent for the welfare of hundreds of millions of poor and lower middle-class Indians since coming to power in 2014. Since 2014, Modi’s government has put in motion what former chief economic advisor Arvind Subramanian has called “New Welfarism”, where the Indian state prioritised providing …

Declining poverty ratio: a continuing trend
7 months, 1 week ago

Declining poverty ratio: a continuing trend

The Hindu  

The release of the fact sheet of the Household Consumption Expenditure Survey for 2022-23 by the National Sample Survey Office led to estimations of poverty and inequality trends by many researchers. The estimated poverty ratios declined from 29.5% in 2011-12 to 10% in 2022-23 based on the Rangarajan Committee’s poverty lines and from 21.9% in 2011-12 to 3% in 2022-23 …

Poverty and inequality debate resurfaces in election season
7 months, 3 weeks ago

Poverty and inequality debate resurfaces in election season

Hindustan Times  

As Indians heads to the poll this season, a new chapter is being written in a very old debate about poverty and inequality in India. This debate has been stirred up by the release of new data from a government- The economist Maitreesh Ghatak spoke about the resurgent debate over poverty and inequality on last week’s episode of Grand Tamasha, …

What the new expenditure survey says about poverty
8 months, 3 weeks ago

What the new expenditure survey says about poverty

New Indian Express  

The publication of a fact sheet by the National Sample Survey Office, containing the results of the NSS Household Consumer Expenditure Survey data for 2022-23, a decade after the publication of the last survey data in 2011-12, has again sparked a debate regarding poverty in India. Using the 2022-23 data on average monthly per capita consumer expenditure for rural and …

What tells us more about prosperity: Consumption or GDP per head?
9 months ago

What tells us more about prosperity: Consumption or GDP per head?

Live Mint  

Maharashtra and Rajasthan are among India’s large states in terms of population. However, as per recently released data on household consumption expenditure for 2022-23, nominal as well as real spending per person in rural Rajasthan was higher than in rural Maharashtra. If the share of labour income in gross value added is relatively low and falling, then per capita output …

Has poverty really dropped to 5% in India?
9 months, 1 week ago

Has poverty really dropped to 5% in India?

The Hindu  

Subrahmanyam recently claimed that less than 5% of Indians now live below the poverty line. Mr. Subrahmanyam argued that the average consumption expenditure in the bottom 5% of India’s population, as estimated by the survey, is about the same as the poverty line in India, suggesting that the poverty rate in India is somewhere in the range of 0 to …

Sanjeev Ahluwalia | The politics behind India’s rural and urban spending
9 months, 3 weeks ago

Sanjeev Ahluwalia | The politics behind India’s rural and urban spending

Deccan Chronicle  

Household consumption expenditure estimates are based on a national survey of 0.1 per cent of the 194.9 million rural and 89.5 million urban households/families. The corresponding share of expenditure on food increases from 46.4 per cent in rural areas to 47 per cent and from 39.2 per cent in urban areas to 40 per cent. Rural consumption, as a proportion …

Terms of Trade | Will HCES findings change politics in India?
9 months, 3 weeks ago

Terms of Trade | Will HCES findings change politics in India?

Hindustan Times  

When the government publishes the data for the 2022-23 Household Consumption Expenditure Survey, India will see a big debate on consumption levels, inequality and poverty. From the Mahatma Gandhi Rural Employment Guarantee Scheme and the National Food Security Act under the United Progressive Alliance era to the Narendra Modi government significantly expanding the scope of asset transfer programmes such as …

Patralekha Chatterjee | Acute poverty falls in India, but not extreme inequality
9 months, 3 weeks ago

Patralekha Chatterjee | Acute poverty falls in India, but not extreme inequality

Deccan Chronicle  

Everyone loves a survey, especially in a paradox-ridden country. The “good news” emanating from the Household Consumption Expenditure Survey, conducted during August 2022 to July 2023, and flagged by government spokespersons, is about a dramatic reduction in poverty, about per capita monthly household spending more than doubling in 2022-23 compared to 2011-12, about Indians who are eating better and have …

Behind the rise in rural consumption spending
9 months, 3 weeks ago

Behind the rise in rural consumption spending

Hindustan Times  

The significant gains in Monthly Per Capita Expenditure in the 2022-23 Household Consumption Expenditure Survey conducted by the National Statistical Office, compared to the level reported in 2011-12, have made headlines. Animal resources and more intensive vegetable and horticulture cultivation in rain-fed areas on account of land development and water conservation in convergence with the Mahatma Gandhi National Rural Employment …

Consumption survey report inspired by polls: Congress
9 months, 3 weeks ago

Consumption survey report inspired by polls: Congress

The Hindu  

The Congress on Tuesday described the Household Consumption Expenditure report of the National Sample Survey Office as “election-inspired survey” and questioned the different estimates of poverty given by different agencies in the past one year. Congress chief Mallikarjun Kharge, in a post on X, accused the Modi government of coming out with “an election inspired survey after asleep at the …

Poverty levels below 5%, claims NITI Aayog chief
9 months, 4 weeks ago

Poverty levels below 5%, claims NITI Aayog chief

The Hindu  

Less than 5% of Indians are now expected to be below the poverty line, and extreme destitution has almost gone away, a top government official asserted on February 25, citing the findings of the Household Consumption Expenditure Survey for 2022-23. Subrahmanyam, the chief executive officer of the Centre’s think tank Niti Aayog, averred that growth is “broad-based” with rural Indians’ …

After a 11-year gap, Centre discloses key consumption expenditure survey data
9 months, 4 weeks ago

After a 11-year gap, Centre discloses key consumption expenditure survey data

The Hindu  

February 24, 2024 11:54 pm | Updated February 25, 2024 06:40 am IST - NEW DELHI For the first time in about 11 years, the government on February 24 released the broad findings of the All India Household Consumption Expenditure Survey carried out between August 2022 and July 2023. The Household Consumption Expenditure Survey is usually conducted by the National …

Multidimensional Poverty Index reduction under the NDA is flawed
1 year ago

Multidimensional Poverty Index reduction under the NDA is flawed

The Hindu  

Samuel Johnson, a profound literary critic and essayist, wrote, “Poverty is a great enemy to human happiness; it certainly destroys liberty, and it makes some virtues impracticable, and others extremely difficult.” In sharp contrast, conventional measures of poverty in terms of income are limited and narrowly focused on scarcity of resources to eke out a bare subsistence. The MPI story …

Consumption-based poverty estimates have relevance
1 year, 4 months ago

Consumption-based poverty estimates have relevance

The Hindu  

A recent report by NITI Aayog on multidimensional poverty shows that the percentage of the poor has gone down from 25% in 2015-16 to 15% in 2019-21 and around 135 million people were lifted out of poverty during this period. The Global Multidimensional Poverty Index report of 2023 of the United Nations Development Programme and the Oxford Poverty & Human …

Shelved 2017-18 consumption spending survey showed inequality widening in Maharashtra
1 year, 5 months ago

Shelved 2017-18 consumption spending survey showed inequality widening in Maharashtra

The Hindu  

For urban households in Maharashtra, food costs crossed 40% of monthly spends in 2017-18, for the first time in 18 years, while the food bill for their rural counterparts shot up to almost 49% of total spending, with that figure crossing 60% for the poorest 5% of households., data from the National Statistical Office’s 2017-18 Household Consumption Expenditure Survey or …

Income Inequality Declined in India During Covid-19, Nation Managed Shocks Well: SBI Report
2 years, 5 months ago

Income Inequality Declined in India During Covid-19, Nation Managed Shocks Well: SBI Report

News 18  

Inequality of Income in India has declined significantly since FY17, while inequality has also declined during the pandemic, according to the latest SBI Ecowrap research report. The decline in income inequality has been significant since FY17, the year of big bang formalisation that started with demonetisation, RERA reforms and GST reform in FY18, said the report authored by Soumya Kanti …

A poverty trend in search of an explanation
2 years, 6 months ago

A poverty trend in search of an explanation

The Hindu  

A noticeable absence in the blitzkrieg of information on the economy periodically unleashed by the Union government over the past few years has been estimates of poverty. While the level of poverty estimated by these two studies varies considerably, with the one by Roy and van der Weide showing twice the poverty level estimated by Bhalla et al., they share …

India eradicates ‘extreme poverty’ via PMGKY: IMF paper
2 years, 8 months ago

India eradicates ‘extreme poverty’ via PMGKY: IMF paper

The Hindu  

A new IMF paper released on Tuesday, titled ‘Pandemic, Poverty, and Inequality: Evidence from India’ says that ‘extreme poverty was maintained below 1% in 2020 due to Pradhan Mantri Garib Kalyan Ann Yojana. Dismissing the NSS 2017-18 consumer expenditure survey as 'ill-fated', this paper claims food subsidies have reduced poverty on a consistent basis since the enactment of the Food …

How has India's consumption inequality come down to a four-decade low?
2 years, 8 months ago

How has India's consumption inequality come down to a four-decade low?

Business Standard  

A recently published IMF working paper said that the effect of the subsidy adjustments on poverty is striking. The report claimed that consumption inequality during the Covid-affected 2020-21 in India fell to near the lowest level in the last 40 years, primarily because of free food supply to 800 million people among other factors, the working paper said. However, the …

India averted rise in extreme poverty through Modi govt's food security scheme: IMF report
2 years, 8 months ago

India averted rise in extreme poverty through Modi govt's food security scheme: IMF report

India TV News  

Highlights A new IMF paper found that extreme poverty in India is less than 1 per cent in 2019 The extreme poverty in India remained at that level even during the pandemic year 2020, it stated PMGKAY was critical in preventing any increase in extreme poverty levels in India, the report said India has averted the rise in extreme poverty …

Private consumption expenditure and demand: Please ma’am, we need some more
2 years, 10 months ago

Private consumption expenditure and demand: Please ma’am, we need some more

Live Mint  

Slowdown in personal consumption is the single biggest problem facing our economy. The double whammy of lower employment and Covid-19 has meant a significant reduction in consumption for low and lower-middle income households. This has meant a delayed recovery on many key sources of consumption – automotive, high value durables, OOH and discretionary spends like retail, restaurants and personal care. …

EXPLAINED: What Cooking Fuel, School Attendance Can Say About Deprivation As India Launches New Poverty Index
3 years ago

EXPLAINED: What Cooking Fuel, School Attendance Can Say About Deprivation As India Launches New Poverty Index

News 18  

India is globally acknowledged to have made big strides on pulling people out of poverty in recent decades. “The National MPI Project is aimed at deconstructing the Global MPI and creating a globally aligned and yet customised India MPI for drawing up comprehensive Reform Action Plans with the larger goal of improving India’s position in the Global MPI rankings,” says …

Bihar, Jharkhand, Uttar Pradesh emerge as poorest states in India: Niti Aayog
3 years ago

Bihar, Jharkhand, Uttar Pradesh emerge as poorest states in India: Niti Aayog

Firstpost  

As per the Niti Aayog’s Multidimensional Poverty Index, 51.91 percent population of Bihar is poor, followed 42.16 percent in Jharkhand and 37.79 percent in Uttar Pradesh New Delhi: Bihar, Jharkhand and Uttar Pradesh have emerged as the poorest states in India, according to Niti Aayog’s Multidimensional Poverty Index. As per the index, 51.91 percent population of Bihar is poor, followed …

50% population of Bihar ‘multidimensionally poor’
3 years ago

50% population of Bihar ‘multidimensionally poor’

The Hindu  

With over 50% of the population in the State identified as “multidimensionally poor”, Bihar has the maximum percentage of population living in poverty among all the States and the Union Territories, according to Government think-tank NITI Aayog’s Multidimensional Poverty Index. “The development of the National Multidimensional Poverty Index of India is an important contribution towards instituting a public policy tool …

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