Question

Analyze the findings of the Household Consumption Expenditure Survey (HCES) 2022-23 regarding consumption expenditure.

1. The HCES 2022-23 data shows an increase in income levels for both urban and rural households since 2011-12.
2. Rural households experienced a sharper growth in spending compared to urban households according to the survey.
3. The average monthly per capita consumption expenditure (MPCE) for rural households increased from Rs 1,430 in 2011-12 to Rs 3,773 in 2022-23.
4. The survey indicated a narrowing gap between the rich and the poor.

• A. 1, 2, 3
• B. 1 only
• C. All
• D. None of these

Answer 1

Answer:

A. 1, 2, 3

• The Household Consumption Expenditure Survey (HCES) conducted in 2022-23 provided crucial insights into the economic status of Indian households.

• The data revealed a substantial rise in the average monthly per capita consumption expenditure (MPCE) for both rural and urban populations when compared to the 2011-12 survey.

• Notably, rural households showed a more pronounced increase in spending, suggesting improved economic conditions in rural areas.

• However, the survey also highlighted persistent economic disparities, indicating a significant gap between the affluent and the less privileged segments of society.