According to a report released on Saturday by the Ministry of Statistics and Programme Implementation, the Per head Regular Household Consumption Expenditure more than doubled between 2011 and 2012 to 2022. According to the report, Indians are spending more on consumer goods like clothing than foods.
Household Consumption Expenditure Survey ( HCES ) was conducted by the Ministry of Statistics and Program Implementation, the National Sample Survey Office ( NSSO ). This survey on household consumption expenditure aims to produce estimates of the country’s rural and urban regions ‘ monthly per capita consumption expenditure ( MPCE ) and its distribution separately for States and Union Territories, as well as for various socio-economic groups. The Ministry of Statistics and Programme Implementation announced that the description effects of HCES: 2022- 23 in relation to MPCE are being made available as a factsheet.
Additionally, it stated that consumers are spending less on processed foods like processed foods like wheat, corn, and pulses as opposed to their consumption of drinks, snacks, and processed foods. According to the Ministry of Statistics and Programme Implementation record, the average family spends 20 % more on clothes in 2023 than it did in 2018, while only 10 % of that amount is spent on food.
Complete and percentage breakdown of MPCE by material group in 2022- 23: All- India
Food Total
Full Non-Food
Sakshi Nag Provides The Information In A DNA-related DNA-related Zee News Episode
For buyers, it seems that it is Kapda Roti and Makaan rather than Roti, Kapda and Makaan. Fashion designer Sakshi Nag explained the increase in garments spending and other discretionary items in an interview with Zee News. Many of the current generation’s influencers were born out of this, helping to promote both American local brands, including clothing and jewelry.
” The data on these social media platforms not just reached the industrial sphere, but likewise attracted visitors from the remote scenery. They expressed a growing interest in purchasing these consumer goods as more and more people became conscious of them,” Nag continued.
She added that a number of companies seized the chance and engaged these influencers on social media to discuss the companies as well as their goods.
People who at one time believed that local products like clothing and other accessories could be purchased for less became more and more interested in purchasing and using them, Nag said.
( Varun Bhasin Reported the Story )