India Household Wealth

Average household spending on food falls below half since 1947: EAC-PM

India's average household spending on food has fallen to less than half for the first time since 1947, according to a recent working paper by the Economic Advisory Council to the Prime Minister (EAC-PM). The paper titled 'Changes in India's Food Consumption and Policy Implications: A Comprehensive Analysis of Household Consumption Expenditure Survey 2022-23 and 2011-12 further said significant changes are unfolding in India's food consumption pattern. According to the paper, the share of total household expenditure on food has declined substantially in rural and urban areas across all states and UTs. "It is the first time in modern India (post-independence) that average household spending on food is less than half the overall monthly spending of households and is a marker of significant progress," it said. The paper is a comprehensive analysis of the Household Consumption Expenditure Survey 202223 and comparison with 201112. "Overall, there has been a significant increase in ...

'Household spending may grow 6.7% in 2024 on mild inflation, income surge'

The report also notes that the current situation index (CSI) and future expectations index (FEI) are above their pre-pandemic levels (at 89.4 and 118.0 respectively)

How to generate wealth? 50% equity and 50% debt, says Motilal Oswal

The underlying asset classes for the analysis include Indian Equity, US Equity, Long Maturity Debt, Short Maturity Debt and Gold, all in rupee terms.

Around 31 mn households demand work under MGNREGA in May, up 11% YoY

The figure is also much higher than the corresponding pre-Covid period, data shows

Slicing the unemployed by class

In 2019-20, the poorest households accounted for 9.8% of all the households and only 3.2% of all the unemployed

Consumer sentiments lag household income

Consumer sentiments are important because they reflect the intangible component of households' economic decisions

Best of BS Opinion: India's banking crisis, mass surveillance, and more

India's banking crisis, household expenditure at the time of natural disasters to mass surveillance are some of the topics our opinion writers tackle

Moody's cuts India's FY20 growth projection to 4.9% citing weak consumption

Says weak household consumption in the country will curb economic growth and weigh on the credit quality of Indian issuers in a range of sectors

Household wealth rises 10% to $5 trillion

India's market capitalisation has risen 30 per cent

Household wealth rises 10% to $5 trillion: Credit Suisse

India's total household wealth has increased by 10 per cent to $5 trillion in the one-year period to mid-2017, says Credit Suisse. Meanwhile, aggregate global wealth for the same period has increased by 6.4 per cent to $280 trillion."Fluctuations in asset prices and exchange rates account for much of the change in household wealth across regions and countries in the short run," said Credit Suisse. India's market capitalisation has risen 30 per cent, house prices by around 10 per cent and rupee has appreciated by four per cent against the dollar, for the period under consideration.As a result, India's wealth grew by $451 billion, 8th largest wealth gain globallySince 2000, wealth in India has grown 9.2 per cent per annum, faster than the global average of six per cent even when taking into account population growth of 2.2 per cent annually, said the brokerage.Credit Suisse forecasts domestic household wealth to grow by 7.5 per cent annually to reach $7.1 trillion in 2022. Wealth per ...