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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.
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Los indios gastan menos en alimentos y más en otros bienes a medida que los ingresos aumentan en 12 años.