11.7 C
Friday, July 1, 2022

CES: Consumer Expenditure Survey will start from July 1, will help in making realistic estimates of poverty in the country

- Advertisement -spot_imgspot_img
- Advertisement -spot_imgspot_img

Consumer Expenditure Survey: The central government will start the fieldwork for consumer expenditure survey from July 1. This new survey will help in estimating poverty after a decade-long gap. The new Consumer Expenditure Survey to be conducted from July 1 includes features such as three visits to a family to get more detailed information on the consumption basket.

Consumption basket expanded
The consumption basket has been expanded in the new round of Consumer Expenditure Survey itself. This consumption basket includes those items which have seen a high consumption trend in the recent past. Also in addition, detailed queries have been included for seeking inputs on welfare subsidies like food grains. In addition, the largest categories of ‘miscellaneous’ or miscellaneous items have been segregated for a comprehensive collection of data on the consumption of those items.

About 1.2 lakh houses will be covered in rural areas
People aware of the development said around 1700 investigators are likely to appear in the new consumer spending survey, compared to 800-900 investigators earlier. The survey will cover about 1.2 lakh households in rural areas and about 84,000 in urban areas. To collect data on consumption expenditure, three visits to a family would be required to obtain information about items of daily use, regular items and consumer durables goods.

The result of the survey will come by October next year
Consumer Expenditure Survey (CES) is usually conducted at five-year (every five years) intervals and the last survey was conducted in the 68th round (July 2011 to June 2012). However, the government had scrapped the 2017-18 results of the Consumer Expenditure Survey, citing “quality issues”. Studies based on leaked survey findings pointed to an increase in poverty levels in 2017-18. The new survey will be conducted by June next year and after that the results are likely to be out by October next year.

read this also

Rupee Vs Dollar: Rupee rises against the US dollar, climbs 12 paise to 78.20

Stock Market Opening: Sensex rises 500 points above 52800, Nifty crosses 15700


- Advertisement -spot_imgspot_img
Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_img