"Changing Spending Habits: Indians Allocate More to Discretionary Items as Poverty Levels Decline"
TL;DR
The Indian government's Household Consumption Expenditure Survey reveals that Indians are spending less on food, particularly staples like rice and wheat, and more on discretionary items such as processed food, as well as durables like televisions and fridges. The survey shows a significant increase in average rural and urban consumer spending compared to the previous survey in 2011-2012. This shift in spending patterns comes amid controversy over the government's handling of economic data, with the new survey set to impact India's consumer price inflation index.
Topics:worldeconomics#consumer-spending#discretionary-items#economics#household-consumption-expenditure-survey#indian-economy#staples
- Indians spending less on food, more on discretionary items, government survey shows Reuters India
- Poverty level significantly down to 5%, says Niti CEO The Times of India
- Data Shows How Much Monthly Household Expenses Increased In Past 2 Decades NDTV
- Poverty levels below 5%, claims NITI Aayog chief The Hindu
- First consumption data released after 2011-2012 | Latest News India Hindustan Times
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