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Indians spend over a third of their income on loan payments, with expenses varying across city tiers.
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.
The study, based on 30 lakh consumers, shows higher house rents and medical expenses in tier 2 cities compared to tier 1 cities.
Food and dining out expenses increase with income levels.
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Los indios gastan más de un tercio de sus ingresos en pagos de préstamos, con gastos que varían según los niveles de la ciudad.