Reports & IndicesSkim2024-12-27

MoSPI Releases Household Consumption Expenditure Survey 2023-24

What Happened

The Ministry of Statistics and Programme Implementation released the Household Consumption Expenditure Survey (HCES) 2023-24. The data shows the urban-rural consumption gap narrowed to 70% and rural inequality declined, with the Gini coefficient falling to 0.237.

Why It Matters

This survey provides the critical baseline data required to update India's Consumer Price Index (CPI) basket and redefine national poverty line estimations.

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What Happened

Why It Matters

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