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Indian consumers are increasingly prioritising savings by reducing some expenses, yet spending patterns show a significant shift. A report by the Union Statistics Ministry reveals a 24% rise in expenditure on beverages, refreshments, and processed foods, while spending on vegetables has fallen by 11%. Dairy products have also witnessed a decline in consumer attention, highlighting evolving preferences in household budgets.A comprehensive survey covering 2.61 lakh households—1.54 lakh in rural areas and 1.07 lakh in urban centers—has highlighted notable spending patterns. In rural India, 47% of monthly expenditure is dedicated to food. Of this, nearly 10% is spent on processed foods and beverages, surpassing spending on fruits (3.85%), vegetables (6.03%), cereals (4.99%), and eggs, fish, and meat (4.92%), showcasing a shift in dietary priorities.Here are the other costs, categorized by their percentages of expenditure:Transportation: 7.59% and 8.46%Medical Expenses: 6.83%Clothing and Footwear: 6.63%Durable Goods: 6.48% and 6.87%Entertainment: 6.22%Miscellaneous Goods and Entertainment: 6.92%Rent: 6.58%Education: 5.97%

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National :Indian Spending Trends 2024: Beverages and Processed Foods Up 24%, Dairy and Vegetables See Decline

Indian consumers are increasingly prioritising savings by reducing some expenses, yet spending patterns show a significant shift. A report ... ...