Indians spend less on food, more on other goods as incomes rise over 12 years.

The State Bank of India has reported a significant shift in Indian households' spending patterns over the past 12 years, with a decline of over 5% in the consumption of cereals and pulses in both rural and urban areas. This shift reflects a move from food to non-food items, driven by economic growth, government policies, and lifestyle changes. The share of spending on food items has decreased in both rural and urban areas, while non-food spending has increased, highlighting India's evolving socio-economic landscape and improved living standards.

January 04, 2025
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