Ministry of Statistics and Programme Implementation (MoSPI) signs MoU with Thapar Institute for Predictive Consumption Expenditure Framework

Key facts

• The Ministry of Statistics and Programme Implementation (MoSPI) signed an MoU with Thapar Institute of Engineering and Technology to develop a Predictive and Analytical Framework for Monthly Consumption Expenditures in India.
• The MoU was signed by Prof. Padmakumar Nair, Vice Chancellor of Thapar Institute, and R. Rajesh, Additional Director General of MoSPI's Capacity Development Division.
• The collaboration will use Household Consumption Expenditure Survey (HCES) data to estimate Monthly Per Capita Consumption Expenditure (MPCE) at national and state levels.
• The research study will analyse household consumption patterns to generate evidence for poverty estimation and broader economic planning.
• The partnership includes the innovative use of artificial intelligence (AI) in Official Statistics.