Average Indian’s monthly expense: 40% on food, 4% on education

Yesterday’s luxuries are today’s necessities. Essentials and aspirational needs like telecommunication, electricity and eating out account for about 30% of the total spending of an average Indian now.

Essentials and aspirational needs like telecommunication, electricity and eating out account for about 30% of the total spending of an average Indian now.

Yesterday’s luxuries are today’s necessities. (Shutterstock)

This is how an average household spends Rs 10,000 a month.

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Charts by Harry Stevens, Research by HT Business Desk