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LATEST NEWS UPDATES | CEA Subramanian asks NSC to make junked consumer spending report public -Somesh Jha

CEA Subramanian asks NSC to make junked consumer spending report public -Somesh Jha

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published Published on Dec 7, 2020   modified Modified on Dec 8, 2020

-Business Standard

The findings of the report, published by Business Standard in November 2019, showed consumer spending falling for the first time in over four decades in 2017-18.

Chief economic advisor (CEA) Krishnamurthy Subramanian has asked the National Statistical Commission (NSC) to make public the 2017-18 consumer spending survey data.

“The government had decided to not release the consumer expenditure survey report. But, earlier this year, NSC Chairman Bimal Kumar Roy received a communiqué from the CEA’s office requesting the results be made public as it is used for analysis in the Economic Survey,” a top official aware of the development said, requesting not to be identified.

NSC members were informed about the CEA’s communiqué in a meeting held recently and a smaller group within the statistical body, led by Roy, was supposed to take a call on the issue. “The meeting hasn’t taken place yet,” the official said.

Roy and Subramanian didn’t respond to queries sent through e-mail.

The findings of the report, published by Business Standard in November 2019, showed consumer spending falling for the first time in over four decades in 2017-18. The survey showed the average amount of money spent by a person in a month fell by 8.8 per cent in villages and by 2 per cent in cities in 2017-18, compared to 2011-12. Some experts interpreted it as a case of rising poverty, while an expert group appointed by the government opined that the fall in consumption of food items was due to a rise in consumption through the public distribution system and non-food items due to free health care services, among other factors.

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Business Standard, 7 December, 2020, https://www.business-standard.com/article/economy-policy/cea-subramanian-asks-nsc-to-make-junked-consumer-spending-report-public-120120700017_1.html


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