Inflation | Households spent lower on vegetables, breads, cereals, pulses in FY19: MoSPI
NEW DELHI: Indian households spent lesser on vegetables, breads, cereals and pulses in 2018-19 compared with the previous fiscal, data released by the statistics office showed on Tuesday. However, the consumption of alcoholic beverages, narcotics and tobacco increased 7.7% from FY18, as per the National Accounts Statistics (NAS) 2020.
The private final consumption expenditure (PFCE) on bread, cereals and pulses was Rs 4.43 lakh crore in 2018-19 from Rs 4.74 lakh crore in FY18. This is the second consecutive annual decline in spends on the product category.
PFCE on vegetables was Rs 2.18 lakh crore in FY19 from Rs 2.29 lakh crore in the previous fiscal.
Total PFCE increased to Rs 79.51 lakh crore from Rs 74.33 lakh crore in FY18.
“The present issue on NAS contains statements on macroeconomic aggregates including sectoral analysis, accounts for Non-Financial Corporations, Financial Corporations, General Government, Households and Rest of the World. Besides these, it also includes aggregates by economic activities and disaggregated statements,” the ministry of statistics and programme implementation said.
India’s economy grew 7% in FY18, 6.1% in FY19 and 4.2% in FY20.
Gross fixed capital formation (GFCF), an indicator of investment declined in public financial corporations to Rs 9.84 lakh crore in FY19 from Rs 12.06 lakh crore in F18 at constant prices, the report showed.