The Indian government released a factsheet on the Household Consumption Expenditure Survey conducted in 2022-23.
I analysed it with Sushant Hede, a former Economist at Care Ratings and a Chartered Accountant.
We discussed the good as well as bad aspects of it. We also brainstormed what lessons one can draw from this year's household consumption expenditure survey for policy-making and business strategies.
Join us in the most in-depth and detailed video on consumption expenditure survey 2022-23.
👉🏼 Follow Sushant on -
LinkedIn - https://www.linkedin.com/in/sushant-hede-4676a613b/
#consumptionexpndituresurvey #mospi #economics #indiaeconomy #india #publicpolicy #politics #poverty #inequality #food #cereals #census #data #education #expenses #expenditure #income #savings #consumption #production #business #indianeconomics #indiangovernment #villages #cities #indiancities #ruraleconomy #rural #urbanlife #rurallife
-----------------------------------------------------------------------------------
⏱️ Time Stamps
01:10: What is the Household Consumption Expenditure Survey? Why is it important?
03:25: Has the standard of living improved? What does rural vs. urban expenditure data look like?
10:15: Poverty has reduced. But by how much?
12:56: Income, Consumption and Savings don't add up. What's happening?
15:00: How much do Indians spend on food? Within food, where are we spending more? Are we eating healthy food?
18:18: In which non-food item are we spending more? Why is education expenditure share falling?
22:10: Does a fall in the share of food expenditure impact retail inflation?
25:54: How does this survey help the government? Did the Modi government fail to give subsidy money to poor people in the villages? How can the government spend its money smartly?
29:39: Is the fight for MSP worthless? Are farmers protesting for the wrong reasons? How to reform agriculture?
36:52: Inequality is decreasing
38:24: Sushant's Research - Do states with low rural populations have lower divergence?
41:34: Sushant's Research - The rural economy needs to be analysed through a different lens.
43:50: Conclusion
-----------------------------------------------------------------------------------
👉🏼 Follow Me on -
LinkedIn - https://www.linkedin.com/in/swapkar
Twitter - https://twitter.com/Swap_Kar
Instagram - https://www.instagram.com/swap_kar/
Blog - https://econgullyblog.wordpress.com/
Support the channel - https://donate.stripe.com/3cs2aD26u4bB5UYeUU