Average Indian household to spend 35.3% of budget on food in 2025: Fitch
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The average Indian household will spend 35.3 per cent of total household budget on food in 2025, increasing by 2.1 percentage points from 33.2 per cent in 2005, Fitch Solutions said on Friday. Growing wages and disposable income has led to this change in proportion over the past 20 years, enabling the average Indian household to afford more than just basic food staples.