Households

'Households allocating greater share of monthly bill to non-food spending'

Households are now allocating a greater share of household consumption expenditure to non-food spending on consumables and services, and durable goods, according to a working paper of the Economic Advisory Council to the Prime Minister (EAC-PM). EAC-PM in a working paper titled 'Changes in Durable Goods Ownership in India: Analysis of the Household Consumption Expenditure Survey 2011-12 and 2023-24' on Friday noted that the share of of the monthly per capita expenditure (MPCE) spent on durables has risen in both rural and urban areas, with the rural share slightly surpassing that of urban households in many states. Further, in absolute values (rupees), spending has increased across all states and sectors, with higher absolute expenditure in urban households. "Consequently, a greater share of household consumption expenditure is now non-food spending on consumables and services, and durable goods. Consumables and services are the largest component of household spending in urban areas

Reform lending to low-income households to strengthen credit systems

A sharper partnership framework, stronger NBFC funding and better income assessment can make low-income credit flow stable instead of stop-start

Household Income Survey: Getting responses to hard questions won't be easy

There is also a logistical challenge relating to the time of the day when the households should be visited

Shift in dependency as 83% of sole-earning women gig workers married: Study

Of the total women surveyed in Delhi NCR region, 16. 3 per cent responded as being sole earners

EAC-PM chair flags comparability issue in latest consumption surveys

S Mahendra Dev says recent HCES lacks comparability with previous surveys due to design changes and suggests pilot-stage testing should have included comparability checks

Households expect easing inflation and improved consumer confidence: RBI

According to the RBI's May survey, households see inflation easing with stable near-term and improving one-year-ahead consumer confidence in both rural and urban areas

Fastest growth in years: Corporate manufacturing trumps household units

The gross value added by household manufacturing units has grown 13.5 per cent in absolute terms between FY19 and FY24 after adjusting for inflation

Net household financial savings rebound, India to lead growth in FY26: RBI

RBI annual report says household savings recovered to 5.1% of GNDI in FY24, projects 6.5% GDP growth for FY26 as India remains the fastest-growing major economy

Snabbit raises $19 mn to expand on-demand home services across India

Backed by Lightspeed, Elevation, and Nexus, the startup aims to enter 200 micro-markets and build a tech-enabled platform for rapid household services

Will a poor monsoon have the same effect in 2025 as it did earlier?

India's agricultural sector is still largely dependent on the four-month-long Southwest monsoon, but that correlation may be weakening as irrigation infra develops

Centre plans digital push to tackle non-response in sample surveys

Government data shows that the share of people averse to the surveys conducted by the NSO more than doubled in five years between the 75th National Sample Survey

Households expect inflation to moderate; consumer confidence dips

Inflation expectations showed an upward trajectory for three months and one-year ahead period

Indians see lower living costs but anticipate price hikes: Report

Indian fear that food prices, utilities, household shopping, fuel, and going out are all likely to become more expensive next year: Ipsos Cost of Living report

Indian households expect inflation to rise further, says RBI survey

Consumer confidence dips marginally

US household wealth rises in Q2 to record $163.8 trn on real estate gains

The snapshot of households' financial wellbeing comes less than a week before the Federal Reserve is widely expected to reduce borrowing costs for the first time since the pandemic recession

India's food consumption expenditure trends reveal a reassuring shift

The HCES data not only points to a secular decline in the share of food items in the spending basket, but also reveals a shift in the composition of food expenditure itself

Household optimism on economic conditions for coming year takes a hit

Sentiments about current employment conditions & own income deteriorate

Household savings take a hit, Rs 60,000 crore lost annually in F&O trading

Sebi Chairperson Madhabi Puri Buch noted that trading volumes in the F&O segment have surged over the past three years, growing at an unprecedented rate

7 years of GST: Households emerge top beneficiaries, shows CBIC data

Finance Minister Nirmala Sitharaman said: "I want to reassure the assessees that our intent is to make GST assessees' life easier. We are working towards lesser compliance"

Needed: A data sensitisation blitz

What changed in the Household Consumption Expenditure Survey 2022-23 - and did it deliver?