The Ministry of Statistics and Programme Implementation (MoS&PI) released the Household Consumption Expenditure Survey (HCES) results for 2022-23 and 2023-24

Why in news

The Ministry of Statistics and Programme Implementation (MoS&PI) released the Household Consumption Expenditure Survey (HCES) results for 2022-23 and 2023-24, updating India's Monthly Per Capita Expenditure (MPCE) data.

Background

The HCES results show a decrease in food expenditure in both urban and rural areas, while spending on fruits, eggs, fish, and processed foods has increased. The data also highlights a significant rise in urban housing rent share, reflecting changing consumption patterns.

Facts for Prelims

• BodyMoS&PI: Ministry of Statistics and Programme Implementation is the body responsible for the HCES.
• FactHCES 2022-23 and 2023-24 data shows a shift from basic food needs to aspirational and service-oriented spending.
• FactUrban housing rent share has seen a significant increase in the latest survey results.

For Mains

Q. Analyze how the shift in household consumption patterns from basic necessities to aspirational spending reflects India's evolving economic transition and urbanization.

Dimensions to cover in your answer

• Consumption shift: Transition from subsistence-based food spending to high-value processed foods and services
• Urbanization impact: Rising housing rent shares reflecting the migration and infrastructure demands of urban centers
• Engel's Law application: Correlation between rising per capita income and declining proportion of food expenditure

Keywords: Household Consumption Expenditure Survey · Monthly Per Capita Expenditure · Engel's Law · Aspirational spending · Economic transition · Urbanization trends

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