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flag Indians spend over a third of their income on loan payments, with expenses varying across city tiers.

flag A report by Perfios and PwC India reveals that Indians across city tiers spend over 33% of their income on loan EMIs, with 39% of spending on obligatory expenses, 32% on necessities, and 29% on discretionary purchases, mostly for lifestyle items. flag The study, based on 30 lakh consumers, shows higher house rents and medical expenses in tier 2 cities compared to tier 1 cities. flag Food and dining out expenses increase with income levels.

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