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AI Framework for Household Spending: MoSPI Signs MoU with Thapar Institute

3 September 20261 min read
NATIONAL AFFAIRSAI Framework forHousehold Spending:MoSPI Signs MoUwith Thapar Institute3 September 2026safalsetu.com

Why in the news

MoSPI joined hands with Thapar Institute to bring artificial intelligence into the way monthly household spending is estimated.

Key facts

  • MoSPI and Thapar Institute of Engineering & Technology signed the MoU.
  • The tool is an AI-driven framework meant for monthly consumption expenditure.
  • Input data: HCES; output: MPCE estimates, both nationally and for individual States.
  • Applications: poverty estimation, economic planning and policy formulation.
AspectDetail
Government sideMoSPI
Academic partnerThapar Institute of Engineering & Technology
Data usedHCES
Estimate producedMPCE (national and State level)
PurposePoverty estimation, planning, policy

Significance

  • Encourages use of AI in official statistics.
  • Gives planners better inputs for poverty assessment and policy design.

Exam angle

  • Ministry involved: MoSPI.
  • Survey data named: HCES; measure estimated: MPCE.
  • Theme: AI in official statistics.

Test yourself

1. Which institute signed an MoU with MoSPI for an AI-based consumption expenditure framework?

The MoU was with Thapar Institute of Engineering & Technology.

2. Which data does the MoSPI–Thapar AI framework use to estimate MPCE?

The framework relies on HCES data.

3. Which of these is an intended use of the AI-driven framework?

It supports poverty estimation, planning and policy formulation.

This topic is part of Daily Current Affairs 2 September 2026 (18 topics).

All topics of the dayDay quizSeptember 2026

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