Optimize IAS
  • Home
  • About Us
  • Free Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Mains Factly
    • Sunday Essay Sadhna
  • Courses
    • Mains Master Notes
    • Prelims Test Series
      • Laqshya 2024
    • Integrated Guidance 2024
      • ARJUNA PRIME 2024
    • Daily Answer Writing
  • Downloads
    • Important Topics List for Prelims 2023
    • Daily Prelims Notes Compilation
    • Daily Practice Sheet Compilation
    • PPP Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Portal Login
  • Home
  • About Us
  • Free Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Mains Factly
    • Sunday Essay Sadhna
  • Courses
    • Mains Master Notes
    • Prelims Test Series
      • Laqshya 2024
    • Integrated Guidance 2024
      • ARJUNA PRIME 2024
    • Daily Answer Writing
  • Downloads
    • Important Topics List for Prelims 2023
    • Daily Prelims Notes Compilation
    • Daily Practice Sheet Compilation
    • PPP Compilation
    • PSIR Notes
    • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Portal Login

Household Consumption Expenditure Survey (HCES)

  • July 20, 2023
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
No Comments
Print Friendly, PDF & Email

 

 

Household Consumption Expenditure Survey (HCES)

Subject : Economy

Section: National Income

Concept :

  • The Ministry of Statistics and Programme Implementation has formed a new Standing Committee on Statistics (SCoS) to advise on official data, including the household surveys carried out by the National Sample Survey Office (NSSO).
  • With 14 members, the new panel is also leaner and more likely to deliver quality guidance. The 28-member economic data review panel may have found it tougher to establish a coherent consensus.
  • One of the new panel’s first tasks will likely pertain to the results of the Household Consumption Expenditure Survey (HCES) by the NSSO over the past year, and it must sensitise users on the methods deployed and interpretational nuances they necessitate.

Household Consumer Expenditure Survey (HCES)

  • The HCES is traditionally a quinquennial (recurring every five years) survey conducted by the government’s National Sample Survey Office (NSSO).
  • It is designed to collect information on the consumer spending patterns of households across the country, both urban and rural.
  • Typically, the Survey is conducted between July and June.

Why HCES?

  • The HCES is used to arrive at estimates of poverty levels as well as review key economic indicators like Gross Domestic Product (GDP).
  • The results of the survey are also utilised for updating the consumption basket and for base revision of the Consumer Price Index.
  • It helps generate estimates of household Monthly Per Capita Consumer Expenditure (MPCE) as well as the distribution of households and persons over the MPCE classes.
  • It is used to arrive at estimates of poverty levels in different parts of the country and to review economic indicators such as the GDP, since 2011-12.

Why need this survey?

  • India has not had any official estimates on per capita household spending.
  • It provides separate data sets for rural and urban parts, and also splice spending patterns for each State and Union Territory, as well as different socio-economic groups.
economy Household Consumption Expenditure Survey (HCES)
Print Friendly, PDF & Email

Recent Posts

  • Prelims Power Play 4 October 2023 October 4, 2023
  • Daily Practice Sheet 4 October 2023 October 4, 2023
  • What is MRNA technology? Discuss possible applications. October 4, 2023
  • Why demand for job is falling in India? October 4, 2023
  • Why there is demand to legalise MSP? Will it help farmers? Explain in the context of AP’s new Bill to legally enforce MSPs. October 4, 2023
  • Discuss the impact of EU’s carbon tax on India? How can India counter it? October 4, 2023
  • What are principles of WTO? Does EU ‘Carbon Border Adjustment Mechanism (CBAM) violates it? October 4, 2023
  • What is the importance of Maldives for India? Discuss the implications of recent elections. October 4, 2023
  • Discus the challenges in realising the hydro power potential of India. October 4, 2023
  • Discuss the potential of hydro power potential of India. October 4, 2023

About

If IAS is your destination, begin your journey with Optimize IAS.

Hi There, I am Santosh I have the unique distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do.

Free Initiatives

  • Daily Practice Sheets
  • Daily Prelims Notes
  • Mains Factly
  • Prelims Power Play
  • Sunday Essay Sadhna

My Proven Strategy

  • Interview Strategy
  • Mains Strategy
  • Motivational
  • Prelims Strategy

Contact us

moc.saiezimitpo@tcatnoc

For More Details

Work with Us

Connect With Me

Santosh Pandey Quora Santosh Sir Telegram Santosh Sir Youtube Optimize IAS Instagram

Course Portal
Search