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Paradigm shift of household consumption pattern in India: A brief study of current trends

Author(s) Ashutosh Upadhyay
Country India
Abstract The aim of this research paper is to study the current status of household consumption pattern in India. Secondary data has been used for this study which has mainly taken from the household consumption expenditure survey of 2022-23. In addition, the household consumption expenditures survey (HCES) of 55th,61st, 66th and 68th rounds of NSSO have been also used in the study. To examine the trend of household consumption expenditure pattern (HCEP), the share of average monthly per capita consumption expenditure (MPCE) and other factors related to consumption has been calculated and analyzed by using time series data from 1999-2000 to 2022-23. The biggest thing that has come out of this study is that the paradigm of the consumption pattern has now shifted to both rural and urban areas. The importance of non-food items has increased in consumption expenditure. This study has highlighted that inequality of income distribution has increased inequality of consumption expenditure. There is a need to change our policies in accordance with the drastic changes in consumption pattern so that we can achieve rapid economic growth without increasing inequality.
Keywords Household consumption expenditure, consumption pattern, consumer behaviour
Field Sociology > Economics
Published In Volume 5, Issue 4, April 2024
Published On 2024-04-04
Cite This Paradigm shift of household consumption pattern in India: A brief study of current trends - Ashutosh Upadhyay - IJLRP Volume 5, Issue 4, April 2024.
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