12/09/2024
🌟 "Did you know that for the first time since 1947, now spend less than 50% of their income on food?" What, someone earning 2 lakhs per month spent more than 1 lakh on food?
Think about it—how much of your salary do you spend on food? Is it 10%? Maybe even less?
As per axio, I personally spend under 5% of my monthly income on food.
But this isn't the case with our fellow Indians. Until recently, a significant part of the Indian population spent more than half of their earnings just to put food on the table.
🍽️ It’s incredible to realize how fortunate we are today— the most essential part of human life, food, costs a fraction of our expenditure, which is not the case with other Indians.
📊 Fortunately, according to a recent report by the to the , households spend less than half their monthly budget on food for the first time. Even among the poorest 20%, there has been a noticeable shift in how money is spent. Reasons:
🍚 The share of spending on cereals has plummeted, allowing families to diversify their diets. This means more money is now being spent on milk, fruits, eggs, fish, and meat—reflecting a positive change in dietary habits, even among the poorest sections of society.
Better infrastructure, transport, and storage have made fresh, nutritious foods more accessible, a clear sign of inclusive growth over the past decade.
- Informative Article by Paras Lehana
