• 42049
• November 25, 2025

Indian spending shifts: Families move beyond basics as survey shows asset-building rising;

Indian households are shifting spending from basic necessities to asset-building purchases like personal goods and appliances, even among lower-income groups. Motor vehicles are the fastest-growing durable asset, showing strong urban-rural convergence. While TV ownership declines due to mobile phone prevalence, mobile adoption is nearly universal, indicating reduced asset poverty.

• News Source Indiatimes (Click to view full news): CLICK HERE

• Category:
• Business

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