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Average household spending on food in India has dropped to less than half of overall monthly expenses for the first time since independence, indicating significant progress
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The decline in food expenditure is observed across rural and urban areas and all states and union territories, according to a government paper by the Economic Advisory Council to the Prime Minister
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Within food items, the share of expenditure on cereals has significantly decreased, particularly for the bottom 20% of households, reflecting the effectiveness of government food security policies
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Programs like PMGKAY, which provide free food grains to approximately 800 million people, have enabled households to diversify their diets, increasing spending on milk, fresh fruits, and animal-source foods
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The shift in food consumption patterns has implications for agriculture policies, highlighting the need for increased production and accessibility of diverse food items like fruits, vegetables, and animal-source foods
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The changing consumption habits will also impact the calculation of the Consumer Price Index (CPI) in the future
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Support policies like Minimum Support Price (MSP), which focus on cereal procurement, may have limited impact on farmer welfare as cereal consumption declines
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There has been a noticeable increase in household spending on served and packaged processed foods, particularly among the top 20% of households and urban areas
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While the food processing sector is a significant job creator, the rise in processed food consumption may negatively affect health outcomes, necessitating policies to regulate nutritional content and promote healthier alternatives
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