The share of monthly per capita consumption expenditure (MPCE) on food items edged up slightly in both rural and urban areas during the August 2023-July 2024 (2023-24) period compared to the previous year, according to the latest Household Consumption Expenditure Survey (HCES). However, experts note that the increase falls within the margin of error and could represent a temporary fluctuation rather than a reversal of trends.
Of the total MPCE, the proportion spent on food items rose to 47.04 per cent in rural areas and 39.7 per cent in urban areas in 2023-24, up from 46.4 per cent and 39.2 per cent, respectively, in 2022-23.
The factsheet based on the survey released by the National Statistics Office (NSO) on Friday revealed that the MPCE in rural areas during the 2023-24 period rose by 9.2 per cent to ₹4,122, while urban household expenditure rose by 8.3 per cent to ₹6,996 over the same period. These figures are in nominal terms and exclude the value of items provided free of cost to households under various social welfare programmes.
Esta historia es de la edición December 28, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 28, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
West Bank shooting: Attack on bus kills 3 Israelis, wounds 7
Gunmen opened fire on a bus carrying Israelis in the occupied West Bank on Monday, killing at least three people and wounding seven others.
Brahmaputra dam won't impact India, says China
China on Monday reiterated its plan to build the world's biggest dam over the Brahmaputra River in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries - India and Bangladesh.
Nippon Steel, US Steel sue Biden admin over blocked $14.9 bn deal
U.S. Steel and Nippon Steel have filed a lawsuit against US President Joe Biden's order that blocked the $14.9 billion buyout of the American steelmaker by the Japanese company, they said on Monday.
Trudeau set to step down as PM and Liberal Party leader
Canadian Prime Minister Justin Trudeau announced on Monday that he will step down as leader of the ruling Liberals after nine years in office but will stay on in his post until the party chooses a replacement.
Wheat Sowing at 32 Mn Hectares Until Jan 3
Sowing of wheat has been completed for the 2025 rabi season with acreage reaching 32 million hectares during the week ended January 3.
Sarma pushes banks to shed funding unease over projects in Assam
Assam Chief Minister Himanta Biswa Sarma (pictured) on Monday urged banks to fund more projects in the state, and let go of adverse perceptions.
Normally, for goods sent abroad for repairs, no tax/duty implication based on value
We are merchant exporters.
Work on to unleash civil nuclear deal: Sullivan
Says signed back in 2007, the agreement has not yet been fully realised
Govt mulls mandatory hallmarking of silver jewellery
Food and Consumer Affairs Minister Pralhad Joshi on Monday asked the Bureau of Indian Standards (BIS) to consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands.
CERC Rejects SECI's 1st Battery Storage Project Over Two-Year Delay
The Central Electricity Regulatory Commission (CERC), the quasi-judicial apex sector regulator, has rejected the tariff discovered in the first ever grid-scale battery energy storage system (BESS) offered by the Solar Energy Corporation of India (SECI).
