India’s Household Food Expenditure Declined Over 4 Years To 2016
Expenditure on food and non-alcoholic beverages of households and non-profit institutions--such as temples and gurudwaras--serving households has declined from 30% of income in 2011-12 to 27.7% in 2015-16, according to the national accounts statistics 2017.
Spending has also declined on housing, water, electricity, gas and other fuels but has increased on health, and clothing and footwear, data show.
Private Final Consumption Expenditure (PFCE) is the total value of goods and services produced in an economy which are then consumed by private households and private non-profit institution serving households (such as temples and gurudwaras).
The gross domestic product includes four main components, namely PFCE, investment expenditure (capital formation), government expenditure and exports, according to Reserve Bank of India.
Source: National Accounts Statistics 2017Note: Click here for interactive chart.
(Salve is an analyst with IndiaSpend and FactChecker.)
