What’s India eating, where it’s spending, is poverty declining, MSP trap: takeaways from HCES report
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- Опубликовано: 26 фев 2024
- #CutTheClutter
After an 11-year break, highlights on household consumption was published last Saturday, by the Ministry of Statistics and Programme Implementation (MoSPI). In addition to trends in the composition of such expenditure, the report featured estimates of Monthly Per Capita Consumption Expenditure (MPCE) split across income classes, urban and rural India, States, and Union Territories. The full report will be released later. In Episode 1405 of Cut The Clutter, Editor-in-Chief Shekhar Gupta analyses key takeaways from Consumption Expenditure Survey and what it says about the 'MSP trap'.
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Corrections:
21:56: It should be ‘South of Vindhyas is much better, South of Vindhyas is all green...’
22:14: It should be ‘...All the rest of the country, north of Vindhyas does quite poorly’
Error regretted
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Raed Household consumption expenditure survey 2022-23 here: www.mospi.gov.in/sites/defaul...
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Read Nikhil Rampal’s article here: theprint.in/economy/here-are-...
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This fixed ads maybe good for theprint, but people like me who does double subscriptions - to RUclips and ThePrint - the Ads are still there. 😞
Can you pls share the link to the NITI report that Shekhar has been mentioning?
At around 27 min you said Bengal might be little bit better than Bihar and UP in rural spending. Rural spending graph shows Bengal to be worse than Bihar
SG ji giving cover fire for Shandeshkhali
Shekar Gupta is the most biased and anti national
The map 24:14 shows
that bengal 3407 is worse than bihar 3454 and better than UP 3277 .
@@joestein1988 bihar is only minimally better
@@chethan2311 U r anti national certificate distributor?
West Bengal is new BIMARU state of india. What a fall😢😢
Always has been since binary was coined.
It just didn't fit in Acronym.
It has always been. First the commies f@$ked us over. Then it was TMC. Blame squarely lies in the intellectually bankrupt Bengali population.
I like how people hate an entire state + its community just becus a diff political party wins there . This is first sign of a facist person
@256in Don't compare it with bihar. Although I agree Bihar had lots of crime once, no one dare to mass rape women there, bihari are not spineless.
Thanks to Communists and Mamata 😢
I have noticed one big change for the better...in Pune and Mumbai many of the maids assisting households have their kids going to colleges and some are even in to professional courses like engg and CA...very pleasing to see👍
It's not just farmers who need to open up to markets. Enough of Physics/Chemistry at school now, it's high we start imparting financial literacy and free market economics from early childhood so that the newer generation becomes appreciative of free markets and capitalism.
Yes, we should have case studies of Capitalism in our Social science/Economics textbooks.
That is what I think. We need to teach poeple how money works. I have met so many people who think that if government prints more money, it will solve all the problems in the world. Econ 101 has to be mandatory in schools.
Absolutely!
Physics and Chemistry are super important too. You don’t want a country that doesn’t study science! Besides, you never know which child would want to pursue science as a career. What must be done is an extra study on finance & managing money & other practical topics like knowing how to give CPR, knowing how to swim etc.
This is exactly what is wrong with India. Without basic sciences and scientific/technical skill all you're gonna end up is with more dallas, portune wallas, thekedars. While the rest of the world will be making Google, Apple, Nvidia. No wonder our startup ecosystem is full of these. Centuries of slavery has really made us small men.
so now even the data says Modi govt is reducing poverty and rich and poor divide is reducing... no wonder opposition is trying out caste politics...
Corect!!! Under the belt strategy
@ramnathpaip So, 25 States and UTs in rural, and 19 States and UTs in urban have a higher consumption than Gujarat. After 29 years of BJP rule! Who is responsible for that?
The survey is an eye opener and nicely simplified by Sg. India is a robust democracy and a rising GDP. Those calling us North Korea are intellectually hollow no matter how popular they are within their echo chambers. Leave politics to politicians. Real analysts interpret and assess data.
Counter facts with facts.. dont banter.. all things good.. this BJP govt knows how to muffle the sane voices demanding justice.. i m a cse aspirant nd yesterday only students protesting peacefully against UPPSC exam leaks were lathi charged and teachers detained.. China is also prosperous but is it democratic.. if numbers matter to u.. go to China.. sorry man we don't want numbers.. we want rule of law with due fairness.. we want justice- social economic and political.. we want liberty- of thought expression and belief.. 🙏
@@wandhatt Firstly, don't need your advice about "going to China". If you are so fed up, then you move to wherever you want. I am fine living in my country. As to UPPSC, is it the first time somebody has been Lathi-charged in the country? Everywhere from Kanyakumari to Kashmir, state govt jobs have similar problems and similar responses from governments (irrespective of party in power). Everyone wants to bribe ministers and take these jobs. Hence, the mayhem. The SP/BSP governments were far worse in law and order. At least, the Yogi Govt course corrects. You are free to disagree, and all the best for your CSE exams, and if you do become a Civil servant don't promote and indulge in evils like dowry and corruption. There is a saying, "Be the change you want to see in the world".
@@wandhatt things can be improved and it does not have in one day. But blaming everything on the govt and throw all tantrums so that it cannot function. Something may be favorable to you but not to other party in Democracy is it okay who thinks we go on the road is the right way then anyone will start doing it and we will jammed on the road for no solution.
Who said India is North Korea?
Der are multiple steps for India to go down to that level. India was not half of North Korea during an emergency. Even Russia or Turkey is not at thta level.
If u see the data, nearly 35% of Indians voted for Indira Gandhi after the emergency. So we can say 35-40% Indians love dictators. Even that many Indians supported British too. Descendents of those Indians make fun of Freedom struggle too.
Modi is not there yet on the dictator chart but he will be the one in his 3rd term(
Democracy where any mp mla can become a turncoat at any time😂😂.
I'm glad to see India In Pixels map is now being used by proper journalistic institutions
Dairy, fruits, vegetables, poultry, meat are not subsidised. Cereals, pulses, sugar are sold at subsidized rate at ration shops/PDS. Theregore its share in overall spending is less.
They are paid through taxes. And that isn't counted in the data.
He said it was counted in the data
@@Manish_Kumar_Singhcounted in the data for sure, but that counting doesn’t include subsidy so artificially low as is being suggested in the comment.
@@jarinwallah
Na, he said that subsidy has been counted in the data by the government.
Weren't they always subsidized? Is it a new phenomenon? Here in Telugu states we had 2Rs/kg rice since 80s.
Look at the stark difference between what Indian vs pakistani Muslim poets says
What's the difference?
@@pipipupu5104 one poet is talking about fanatic islamist principle other is spreading depression.
@@pravinmeher2036 which islamic are you talking about.
@@pravinmeher2036 which is Pakistani one I'm talking about.
no matter what data says or experts, I do not think some leaders in states that produce/sell on MSP would make any change. Secondly, more focus ought to have been on West Bengal, which appears to be doing similar to other poor states, considering that it was one of the most advanced states during independence.
States cannot grow if the state govts are regressive. TMC is a mess.
Shekhar Ji, as per the rural spending you mention that Bengal slightly better , but your graphics shows WB to be worse than Bihar 3454 bengal is 3407 .
It is not quite remarkable,Here in Telangana, Corporate Schools and Colleges Loot Lakhs per Student Per YEAR,But trapping poor and middle class parents on The illusions of IIT/NEET etc, It is increasing the Avg Spending of the Entire State,Outside of Hyderabad,Not even one Place comes close to a 10th of Hyd's Growth or Industry, Even in Hyderabad, Out side of Western Hyd, Every area seems like Old Delhi
I think you need to see the spending of rural Telangana. It is better than many states and equal to Andhra.
Its urban spending is more than any other state of India. Urban Telangana does not mean only Hyderabad but Nizamabad, Warangal, mahaboobnagar, khammam etc.
Only Telangana has the kind of money where they spend 60k to 70k rupees per year on current bill just for irrigating an acer of land (may be a record in the world)
When the people's life is so clearly correlating with the data where else are the doubts arising from
Wake up to the reality
Old Delhi is still good if you leave out some Muslim areas. Karolbagh and all have industries and old colonial houses.
Housing costs are not mentioned. It could be close to 50%. Leaving very little for discretionary spending.
Damn 40 min CTC shekhar Ji must have taken more than 100 cuts while recording.....😅
बचपन (१९६४) में हमें महीने में एक बार ही पारले बिस्कुट का एक पेक मिलता था
हप्ते में एकबार ही १० या २५ पैसे मिलते थे जिससे हम पोपीन्स या बुढ्ढी के बाल या खरमुरे ( नमकीन मूँगफली) ले सकते थे
आज सब बदल गया है
buddhi ke bal really i like it😀
So basically, sooner a state got rid of Congress, faster it progresses. As Congress loses power, states grow. The chart has always been from South towards North. I am happy that Congress is now routed in the North and thus the progress begins.
That is an excellent correlation. Correlation does not imply causation, but I believe you are right given the terrible policies of the Congress party.
@@itsover9008 totally agree. That’s why I am not suggesting BJP is the way to go, all I was hinting was that as Congress becomes less dominant in a state, the situation improves. As we can see even in Hindi heartland where the economies are faring much better and growing faster than ever before.
@@rajbaniwal3236yess you are right hindi heartland is growing.. but at the expense of non hindi heartland..
@@wandhatt That isn’t true at all. This whole South Money for North progress is a sham. The Center always collected more money from richer states and spent on poorer states. That’s true from 1947 till today. That’s the job of the Center. The difference is that now what the Center is spending is actually getting dividends.
And as for this South vs North, because people say Southern India is more progressive and rich but they don’t get as much for their taxes, India is still a “socialist” economy, of course Rich will pay for “poor” welfare.
And don’t forget, South didn’t become rich on its own, it became rich because of the Center, faster because of the Center understood the value of setting up Industries in the coastal region for better import and exports. Mind you, “freight cost free” raw material was delivered from North to the South for Industries which made it impossible for Industries to be set up in North as their goods couldn’t be competitive if they had to ship their finished goods to the South “with freight charges” for export or the charges for “import” of goods from. Southern ports to North.
So please, have a holistic view before jumping to conclusions.
@@rajbaniwal3236 The Hindi heartland is growing at the expense of the south that’s a fact you can spin it any which way you want.
Indian govt policy should focus on hygiene food or especially street food in India, its very damage to india on world stage
Why?
India should focus on better value foods, image is second.
That is a Western way of looking at things. If things look good, they're good. We don't see loads of chemicals and processed food entering the system.
Exactly specially UP biharis they are so unhygienic while serving food 🤢🤢🤮🤮🤮
West Bengal particularly is becoming a big headache for the entire nation. Massive corruption, parallel economy run by thugs, counterfeit notes, menacing infiltration problems, no employment opportunity, lakhs of migrant workers travelling out of bengal.. I can go on. Unless west bengal gets it's act together, India's overall data will continue to suffer.
I don't know much about the economics, but when I got admission in Engineering in 2007, my yearly fee was 55 Thousand and my father earning was 20 Thousand( he was a government teacher). In 2024, fee in that college is 1 lakh and teacher salary is nearly 1 lakh as of now. Similarly, we have inverter and AC at home which was not their when I did my Engineering. My father had to borrow money when me and my sister were doing our degrees.
The problem today is the social media. My parents were not able to cry or able to express themselves, but we can do that now.
As always, professor SG’s classes is what I look fwd to 😊. Aapke jaisa koi nahin 🙏🏻.
The parting shot on MSP was lit 🔥
Prof keeps repeating stuff
This is interesting. In 2009-2010, 10% of Indian expenditures went towards cereals (wheat, rice). In 2022-2023, that expenditure has come down to 5%. Almost every category in food items has had a “secular” decline except dry fruits! This is most likely because of Modi govts fight against inflation.
😂😂😂😂
Bcz 80 crores are getting free grains and grains are not costing Money.
By the way, People will use less and less grains bcz Of fitness awareness, diabetes (most in India), less physical work, etc.
@@BharatThatIsIndia inflation was high in double digits before 2014
@@BharatThatIsIndiagovt does not cover all food items. Dry fruit purchases went up - that’s actually discretionary spending.
Thanks to EMI spending pattern has changed😂
@@libshastra Obviously, those who got jobs 10 years ago, they will have enough money to spend on dry fruits 😜
"Importantly, the numbers show that the proportion of spending on food has dropped to 46.4% for rural households from 52.9% in 2011-12, while their urban peers spent just 39.2% of their overall monthly outgoes on food compared with 42.6% incurred 11 years earlier."
So if you see above data, even if food consumption is half, the income soent on food is just reduced by 5% only. It means either price are so high or Income has reduced.
Also compare the data from 1999 and 2011. Consumption were decreased more than 50%. So it is natural.
Dry fruits consumption has increased bcz it will increase day by day. We were poor country. UPA bring out 27 crores out of poverty and Modi government brought 25 crore out of poverty (as per government data). So few of them will start consuming dry fruits.
It is relative data. I have not compared the 1999 to 2011 data for dry fruits but I can blindly say that, it would have increased too. It is simple natural flow.
It will tell the same about consumption of Pizza, burger etc.
Great analysis as usual from SG❤,your proposition on msp needs to take in place asap
It is worth remembering this: In any economy Personal consumption expenditure is only a fraction of the total economy. For example: The Covid vaccine which people got, the new school building that got built , the newarport/railway station does not show up directly in the Personal Consumption. So these numbers do not show the full power of the econom. The new buildings built by a call center company- many things are not PCE but do matter a lot!
- Abject poverty is down below 5%
- Destitution has declined drastically
- Rural urban gap is closing - from 90% to 65%
- Spending power has gone up 3 times
- Food spending is down ( it’s a percentage of your income which means income has gone up hence food spending as a percentage has gone down )
- Within food - Indians are spending more on high nutrient food ( fruits, milk etc )
- South India is doing much better than the north and East is poorest
- Average rural household is spending Rs 3860 per person per month Vs urban household Rs 6521 per person per month .
Too much spending on biryani in Hyderabad propping up urban spending 😊
I wish they had a cost of living index to compare the cost of comparable baskets of goods across states - separating out urban and rural for each state. Would make it so much easier to assess quality of life across regions.
Very good analysis, .
Prof Gupta , the grand old Indian Journalist at his best!!!
Was expecting this, glad it came 😀 awaited ctc ! Your comment in the end on MSP not working is surely going to be controversial !! 😂
It certainly shouldn't be! China's experience is a good lesson. It has a smaller average land holding size and much less fertile land, yet it's agricultural productivity is around 2x India's. The difference is they reformed their agricultural sector in the 70s and got rid of price controls on output (food) and inputs (fertilizer, power) in favor of direct support to farmers. This is not so different from what the Indian government did with with direct benefit subsidy. If only economics was taught better people might understand the downsides of price floors and ceilings and how they disrupt the supply-demand equilibrium.
Hmmm, perhaps...I hope you liked this episode. Thank you for watching and writing in...best wishes, Shekhar
Milk fruits and vegetables have become much costlier hence higher the proportion in household spend
the fact that cereal spend is coming down only shows that there is a lot of subsidies for cereals
@28:40 rural urban gap didn’t have a steep decline recently. The last data point covers a much longer time gap but is equally spaced in the graph, leading to a skewed impression
Giving free grains would reduce the % expenditure even after including the imputed value of the free grain. It just leaves more money on the table for non food expenditure. The same goes for expense on non grain consumption within food bucket
Do we need to account for cost of living? E.g., is the cost of basic items lower in rural Gujarat than Rajasthan?
brilliant analysis!!
I think this data needs to be analysed with the data of savings. Only then it would give an estimate of the income. If the expenditure has gone up and in turn the savings have reduced, it may not mean that income has gone up in same proportion of the expenses.
exactly sir, no savings due to inflation, 40-50% hike in prices.
Suprising that their was no mention of himachal pradesh at 24:08 and 25:33 .
You could have made a direct comment that the farmers are being fooled by Farm Leaders by making them fight for MSP. It is bad for their future
Wow episode! Thank you.
1. The total daily per capita consumption expenditure at current prices is Rs 129 (rural) and Rs 217 (urban). These are too low amounts and highlight how poor the country actually is.
2. The government is providing free grains to ~80 crore people, i.e. ~56% of the total population. So basically 56% of the population is actually poor because if these people were to buy grains themselves, they would fall below the poverty line.
Poor means not basis on pds.
20lakhs cars, washing machines,air conditioners using households have white ration cards.
Other than govt and organised sectors employees holding white cards.
@@ArunKumar-wi8bh
While I agree that some "undeserving" people are using the free grain scheme, there is still a huge population that is actually poor. The government+organized sector may be less than 10% of the total population. Daily per capita consumption expenditure of only Rs 129 (rural) and Rs 217 (urban) speaks of high poverty.
@@writedeepblue I am little aware of rural part.
I am aware of small towns big towns district hq and cities. In these areas I don’t think poverty exists today.
@@ArunKumar-wi8bh
SBI says that the new Poverty Line for India (based on consumption expenditure) is Rs 1,622 per person per month (Rs 55 per day) for rural areas and Rs 1,929 per person per month (Rs 64 per day) for urban areas. If such ridiculous limits are used, then we won't find poverty in India.
When I see these statistics I am just wondering on what basis did BJP and Congress conclude that Telangana is under developed compared to Andhra
Excellent analysis!
Where is the data no survey since long time
Sir thank you for explaining it so clearly. My question is when was the definition of "Poverty Line" last updated?
Thank you for the analysis. The insistence on repeating that this doesn't mean there was needy so many times wasn't needed..
Farmers need sustainable income. All other arguments against MSP is spurious. Markers in India are not fair. As one looks anywhere in the world farmers are protesting. Farmers are in distress.
Farmers arent the brightest folks
Let them give up farming
Only Farmers in Punjab protesting coming to streets in their vehicles indicates their protest has some other motive
Very good episode, Shekhar. It would be great to have Prof. Salvatore Babones on to show one of these days to explore the data further with a different gaze. Thank you for shedding light on this important dialogue.
Fundamentally this is an amazing story of India shining. But we also see that many core FMCG category is actually stagnant, new job creation is not that great, we still see a lot of destitute on the road. How can these facts co-exist.
28:50 some stupid person made this map. The first three pointers on x axis has 5-5-2 years interval and the last one has 10 years interval but still 2011-2021 graph has the same gap(visual gap) as 99-04;04-09! 09-11 ...the one who made this graph seems highly incomponent and must be fired 😅😅
EDIT: Sorry for being so harsh i thought someone from the ministry made the graphs(thats why i thought what i thought ) then i went to read the report and found no graphs the graph was made by someone on the internet or by a print's employee..if you read this kindly take the points i said into notice and sorry one agian😬
you clearly never passed a statistics class, idiot.
I think these are the years for which HCES was released, Modiji ate the report in 2017.
Im not a data scientist so please bear with me. Since this is not a daily or monthly trend and we don’t have data for some years (for whatever reason) what additional insight gets masked by keeping the gap between points on the x axis the same?
@@rishianand7 If the gaps are uneven, it confuses people as to what the growth rate is, cause in 1 step from 11 - 12 to 21 - 22 the graph jumps a lot making it look steeper.
@@rishianand7 the slope seems more which inturn refers that the change is drastic but if we plot the graph properly then it will show the real picture
I had a question, has spending gone up or consumption? Are we spending more money on same amount of goods..
As always a complex issue explained in very lucid and easy to understand way by Shekhr Gupta
West Bengal is just sooo depressing. It is just sad 😢
Sikkim Rocks! ❤
Very interesting analysis and thanks the print for this succinct overview❤
People still sleep on streets of delhi, kashmiri gate, aims vasant kunj under flyover. Roll down the windows to see lucid.
you are best sir
The MSP part of video should be remade in Hindi and circulated so that it reaches masses
Thanks! An excellent episode of CTC. I have two queries: by all accounts, Madhya Pradesh has really built up its agriculture sector and is an important contributor to the Food Stocks of the country. But rural MP has such low consumption figures - why? Second, why are some NE states' data so good (what are they doing right)?
Is it because they grow their own food or food is comparatively cheaper
Population is less their..so distribution of resources is better..plus they get a lot of support from center
When can we expect a cut-the-clutter in Karnataka's new Hindu Temple Bill?
Why do we not get cut the clutters on such issues more?
Congress in Karnataka has given one more jihad show - Pakistan Zindabad slogan
shekar Gupta will not do CTC on Karnataka govt as he is paid by them heavily
SG avoids what’s inconvenient for Congress.
It would be great if we could have a CAGR state wise statistics of this survey compared to last one. That would help us understand if change in governance is helpful and to what extent. Thanks for the insights
Thanks, SG
This was so well explained. Would not have expected any lesser from SG.
So, an average urban household of 5 had an average spent, i.e., surrogate for inco e, Rs.391,260!
how is it 50% better on an average>? considering as you say 2x inflation, then current price values in real terms is 50% thus 6521/- becomes 3260.5/-; making growth% = (3260.5 - 2630)(100)/(2630) == 24% only... and that growth is over a decade very dismal tbh
Well I think SG meant it's better than before, 2004/05 to 2009/10 with the same NSS data has a much lower consumption growth (close to 20% with back of envelope calc from world bank inflation for India in those years)
Considering that it was at an already lower base of ₹1105 to 2009/10 value, this jump makes it better(although marginally) to 2022-23.
Thank you for the information and video
Sir, we need not mix MSP with the consumption. MSP deals with supply side of farm produce and consumer spending reflects rising income creating 'demand' for high value eatables. A same farmer may not be able to replace pulses with fruits\ dairy because of market dynamics. Those items are getting consumed more not because they are free of MSP.
SERVICES and Infrastructures that have helped consumers in the last ten years-
i) Penetration of Banks and Non-Banking Financial Institutions
ii)The growth of Personal Loan Sector
iii) A Decade of low interest rate environment
iv) Advancements in Technology
*States which have presence of industries are mostly in Green in both Rural and Urban.
*ALSO this report should be read along with Income pre Capita per Month &Savings per Capita per Month [Rural/ Urban ]
PS: would love to hear Dr Rajan's take on this...Rajan the politician that is.
India should spend the money on removing poverty, education and cleanliness instead of wasting money on rich people projects like Aadhar, UPI, Expressways and ISRO. Only Ambani and Adani are benefiting from Indian economy under this fascist regime.
Go and study instead of wasting time on RUclips. When you understand the economics of whatever big words used above, only then stop your learning. Till then you title is "educated but financially illiterate".
@@desibigfoot3874 Fascist. Wait for few years. India will get tired of voting for BJP. Then we will teach a lesson to people like you. You just wait.
@@rohanch07fuck you chutiya. India will only reduce its poverty only when capitalism will happen. Fuck your Socialism
With almost no industry or manufacturing of any sort, high spending by North East is a big surprise.
Great Analysis.... Shekhar Sir👍👍
Prof Sen is firm and data is doubt ful. Mr Balla says we have to shift in extreme poor data. Experts not accord any faith on Modis data. As a jounalist SG did your job.
He didn't say data is wrong
He said that 5% poverty figure needs to be looked into
He said that poverty line must be updated
By the way, Mr. Sen is the chief of statistical office and he has designed this survey methodology
@@balajeepratham8200 the man designed doubts. So fundamental objectives need revisit till such time this data should be shelved
@@punnavanamsubbiah7434just bcos u r a bootlicker of the family, doesn’t mean it has to be shelved. Peddle ur nonsense somewhere else.
Why so much hurry by both Print and The Hindu to comment when data in full is to be released? Rather the guarantee of 2 crore job Petrol @ global price and dollor @ 45...are all quantities available!!! Journalists raise up poor voters needs your help.
Then why are you proudly proclaiming openly you are giving 5kilo rice to 80 crore which is 800 million which is over half the population?
The fact that some basic needs are covered means nothing. More than 150 million people in US have availed some kind of govt benefit. Does it mean US is a destitute country?
You need to be informed and have perspective about it instead of just screaming stuff out of hatred.
@@ownerspride8305 there is a difference the US government is not going Tom Tomming that they are gods wealthy but you'll are
If the economy is running so smoothly then why this gvt needs to feed 80 cr free and why qtrly sales data of major fmcg cos are going south and this kind of data only suggest wider k shaped recovery which this gvt shd worry
Excellent survey. Good analysis.
A major pointer here is we can normalize the value based on the population of state and urban cities in that particular state. For eg himachal and arunanchal urban spending is more because cities are less and population also.
What about Goa, high in both rural and urban. Unless gross consumption is extrapolated, we cannot appreciate the full extent of development. Can SG comment on that?
Newly published data by Henley & Partners shows that while China and India are losing the most millionaires (or billionaires) to emigration, the United Kingdom and Russia are also expected to be left behind by a substantial number of their very wealthy residents in the years 2022 and 2023.
Sad
Very well presented 👍
Madras Presidency, Which has parts of Karnataka, All of AP,Parts of Kerala etc Had a literacy rate of 35%,Where as UP,Bihar had Literacy of 9-11% in 1947,The Gap has started in 1400s,Not in 1970s
Kerala has a large population which earns in foreign exchange
Excellent episode Sir❤
Being in denial is a great feeling!
The Govt and the citizens have both decided to be on the same page❤.
😂😂
Denial of what?
😂
You should be asking yourself and not me@@hindeshrai8787 maybe you'll find the "what"?
What is denial in this
After huge medical and other expenses people have very less money to spend on food.
Very good analysis but the irregular periodcity in the graph takes away many clarifications. Real expenditure on food is extremely difficult as home grown vegetables, fruits and animal products are rarely taken into account. An accurate survey is near impossible but definitely higher than any data given so far.
When old citizens start getting realistic cover, pension, that is equal to at least the state avg, is when one would accept we are a caring, and developing country. .... _Some per month old age pensions in the "yellow" States, Rs 350 Chattisgarh, Rs 400 Bihar, Rs 200 Assam, Manipur, Rs 300 Nagaland, Mizoram ...Just imagine living a month on these numbers_ Is India growing and fast in last 10 years, sure, but *if we can not collectively help manage the lives of our citizens with diminishing personhoods, we as a nation continue to diminish our nationhood.*
You know that old age pension is charity and not salary. These people worked their whole life for their own family and still couldn't save for their own old age, that is a real tragedy. But charity is dependent on the ability of the charitable (govt). They are supposed to be receiving the 1) free ration 2) free healthcare of Ayushman Bharat Yojna in addition to the old age pension.
As someone has already pointed out. Spending on some articles not increasing can also point to the selling price of that item not increasing as much as other items. Maybe if MSP is not there it will decrease much more, not because people don't want it but because the purchase price is decreasing a lot. Not referring to MSP as a good thing though.
thank tou
I like the content, but you belabor on the same point for a long time. I suggest you keep it crisp. At 1.5x I find it just about right. For e.g. you could have said the proportion of the spending on food has reduced. That would be to the point and crisp.
Thank you shekar sir for simplifying the facts .
Thank you for watching, Prakash, and for supporting our journalism...best wishes, Shekhar
With governemnt giving food to 80cr people how do we make sense of spending esp on food
A realistic analysis. Thanks.
Urban rural gap is closing because of some people like me, 10 years back I used to live in Tier 1 city, now I have shifted to a place adjacent to nature. I made this decision because of traffic jam, pollution and other urban drawbacks.
Shekhar conveniently forgot to mention less rural spending in West Bengal 😂
Fantastic analysis 👏
Coming from Telangana, this data came as a shocker for me. All this while I was of the view that my state is soo poor.
An apt understanding of where MSP stands could be better understood if we compare the consumption rates to the growth/decline of production.
Good Analysis
In the early 70's when I was in high school most of my villagers were daily wage earners working only in agricultural fields. They were working for the whole day in lieu of only one kg rice. Their food was absolutely nothing other than rice. At present day rice is no more a primary food for them. Broiler chicken and liquor is consumed abundantly.
Nice episode. Is reduction in consumption of pulses due to high price of all dals? I will request you to throw some light on this aspect.
Also price of milk has increased so much .....so spending on it has increased.....comparatively cereals hv not increased that much
great summary ❤❤
This Urban/Rural spending discussion is incomplete without knowing breakup of Urban/Rural by population.
Final data which govt will use in new consumer price index will come out in August much needed reform in cpi we are still using very outdated weightage method in both cpi and wpi, thing I like most about this data no sugar coating for bjp ruled or opposition ruled, these types of data will increase credibility of cso, which has been regularly questioned by so called critics