look news india
Preliminary data from the Household Consumption Expenditure Survey, 2022-23, recently released by the National Sample Survey Office, paints a picture of a changing Indian economy. Importantly, the gap between rural and urban household consumption expenditure is decreasing, due to which the middle class has started growing in rural India as well.
While it is mentioned in this survey that the share of protein and nutrients in people's food expenditure is increasing, it also raises concerns that people are spending more on medicines etc. than before. The survey, conducted across more than 2.5 lakh households across the country, reveals that there has been a change in people's consumption habits in the last decade. Now instead of spending more on food, people are spending more on durable goods.
According to the survey, rural per capita consumption expenditure has increased more than urban expenditure in the decade from financial year 2011-12 to 2022-23. The cost in rural areas has increased from Rs 1,430 to Rs 3,773 and the cost in urban areas has increased from Rs 2,630 to Rs 6,459. As a result, lifestyle of people is changing due to change in consumer preferences in rural and urban areas. People have started spending more on non-food items like cars, AC, clothes, shoes, entertainment etc. than on food items, which has become the driver of increasing demand of the country and also the reason for increase in GDP. Country. It is done
According to the Household Consumption Expenditure Survey, expenditure on food in rural areas has declined from 53 per cent to 46 per cent in 2022-23 compared to 2011-12, while in urban areas it has declined from 43 per cent to 39 per cent. The survey has also drawn a lot of attention to the changes in the food plate. The share of expenditure on food grains among rural households has declined from 11% to five percent in 2022-23 compared to 2011-12, while in urban areas it has declined from 6.67% to 3.64%. This simply means that people are now spending more on beverages and processed foods than on cereals and pulses. This trend has been seen more in rural families than in urban families.