BS EDIT: Positive shift in household spending

By Business StandardPublished On Sep 12, 2024

Rising expenditure

Household consumption data shows a significant rise in monthly per capita expenditure, with 164% growth in rural areas since 2011-12

Decline in food spending

For the first time, average household spending on food has fallen below 50% of monthly expenditure, indicating welfare improvements

Shift in food choices

There’s a clear shift from cereals to protein-rich foods like milk, fresh fruit, eggs, fish, and meat, reflecting improved diet diversity

Lower-income groups

Bottom 20% households are spending less on cereals and more on diverse foods, durables, and transport, benefitting from food security

Policy implications

To improve diet diversity and sustainability, the govt should consider extending price support beyond rice and wheat

Public health concerns

Rising spend on tobacco, intoxicants, and processed foods highlights the need for public health campaigns