The latest Household Consumption Expenditure Survey results show that the economy of Odisha is on a right and progressive path.
The National Sample Survey Office (NSSO) under the Union Ministry of Statistics and Programme Implementation has conducted the survey from August 2022 to July 2023 and released its report recently. The previous survey was conducted during the 2011-12 financial year (FY).
The survey aims at generating estimates of household Monthly Per Capita Consumption Expenditure (MPCE) and its distribution separately for the rural and urban sectors of the country, for States and Union Territories, and for different socio-economic groups.
As per the survey report, the average MPCE of rural people in Odisha has increased to Rs 2,950 from Rs 1,003 reported in the previous report of 2011-12. Similarly, the MPCE of urban people in the State has been enhanced from Rs 1,941 to Rs 5,187. This means the expenditure of both rural and urban people of Odisha has been enhanced by 294 per cent and 267 per cent, respectively.
The monthly average expenditure of people of Odisha with imputation stood at Rs 2,996 in rural areas and Rs 5,223 in urban areas, as per the survey report. The estimates of average MPCE were generated considering the imputed value figures of the items received free by the households through various social welfare programmes, in addition to the imputed values of consumption out of home produce, free collection, gifts, loans etc, the report said.
At the national level, the survey shows that the average MPCE (in current prices) in rural areas was Rs 3,773 and Rs 6,459 in urban areas, almost 2.5 times the monthly consumption recorded in 2011-12. The rural consumption (Rs 1,430 per month in FY, 2012) has grown at a slightly higher pace than in urban areas (Rs 2,630 in FY, 2023).