MoSPI Base Year Revision for CPI/IIP & NITI Aayog SDG Progress Indicators

Source: Ministry of Statistics & Programme Implementation

MoSPICPI Base YearHousehold Consumption SurveyNITI AayogSDG Index

MoSPI finalized the framework to rebase the Consumer Price Index (CPI) and Index of Industrial Production (IIP) utilizing the findings of the latest Household Consumption Expenditure Survey (HCES), updating the decade-old 2011-12 base.

CPI food and beverage weight (currently ~45.86% in CPI-Combined) will decrease in line with Engel's law as household expenditure shifts towards conveyance, education, healthcare, and digital services.
NITI Aayog's latest SDG India Index documented that all States have transitioned out of the 'Aspirant' category, with Front-Runners expanding across basic amenities, clean energy, and gender equality.

Practice Quiz for this Note

2 UPSC-pattern questions on this topic

Marking: +2.5 / −0.83

Question 1 of 2(0 answered, 2 remaining)

Question 1+2.5 / -0.83 Marks

According to Engel's Law and the recent Household Consumption Expenditure Survey (HCES), as household income rises, the proportion of expenditure on food:

Question SwitcherClick any question to jump

Previous Note

ISRO Gaganyaan G1 Mission Readiness & IndiaAI Compute Portal

Next Note

EPFO Monthly Payroll Dynamics & Formalisation Trends