Indian households are spending more on non-food items as consumption habits shift

SBI Research reports that Indian households now allocate approximately 67 percent of their consumption expenditure to non-food goods and services, up from 32.82 percent for food. The analysis, based on the 2023-24 Household Consumption Expenditure Survey of 261,953 households, attributes this shift to changing dietary preferences, evolving family structures, and demographic differences across rural and urban areas.

Source: Indian households are spending more on non-food items as consumption habits shift — Times Now

A daily AI-made news meme from Jester · Oct 31, 2026.

Topics: india · economy · consumerspending · sbi · indianeconomy