Why are Indians Spending Less on Food? | Vantage with Palki Sharma
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- เผยแพร่เมื่อ 25 ก.พ. 2024
- Why are Indians Spending Less on Food? | Vantage with Palki Sharma
The Indian government has released a report detailing consumer spending in rural and urban areas. The data shows a significant rise in spending, with more focus on discretionary items than food. What does this say about the Indian economy? Palki Sharma brings you the five highlights from the report.
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Indians | Food | Less Spending | Expense | Firstpost | World News | Vantage | Palki Sharma
#indians #food #spending #expense #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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I billion Indians still living in the rural areas,you will not find too many millionaires.Inequality is the major problem where some extremely rich person built 30 storied high condo surrounded by sea of slums.
So rural India should cease to exist according to you. Do you even know the importance of rural areas on economy? And more importantly do you even know the definition of rural and urban?
U live in bubble live and travel , rural people r now more informed now.
Grow some brains
No one but people themselves are responsible for there state who tell to produce 4 if you can not earn for one who can give you job if you do not want to study who can bring change if you do not want it . Illiteracy, overpopulation, and extremism is the first answer of every world's problem question.
Just ignore him . Wumao alert
Are we considering inflation, while calculating expenses? Maybe rural indian spending increased due to inflation, as commodities are more expensive than they used to be.
Also increase in population
rural Indian earnings would also increase
Peace-Kid, what did you mean by "rural indian spending increased due to inflation"? If commodities are expensive how can spending increase?
Were you drunk when you posted the reply? Shocking that no one has pointed this out to you?!!
Will you stop buying rice and wheat if prices rise @@rajupatnaik7776
@@rajupatnaik7776 dude you’re the one who seems to have lost it.
Consumption is at decadal low levels. Inflation reduces spending sure, but the average value will overall increase. The video said that the consumption has doubled from 2011 - real inflation during this period has been in the 7-8% range. So, if something costed 100 rupees back then, it now costs 220+. So the average order value increases as a result of inflation.
That doesn’t mean the consumers are buying more - it just means that our currency has lost value. That’s what skewing the numbers.
Very nice report, informative. Spending more on processed food means western influence is slowly creeping into India. . Bridging inequality remains a challenge
Add inflation rate for last 10 years. Rental, taxes, college fees, petrol & gas price etc
@@arrshathyou think prices will stay the same for 10 years?
@@LaxmannDhotre Price won't stay the same but media should report along with inflation. Today in metro cities PPL can't live a good life with less than 30k earnings !! And in rural it's around 20k. Middle class needs affordable housing.. With rising in house taxes & rental it's a big burden for all
Also junk is cheaper than anything with a tag of “organic” on it.
@@arrshath oh, I see your point. I agree I'd expect more from firstpost
I am from rural area and i can totally tell, people here have smarttvs refrigerators washing machine all the appliances and almost all the households own bikes, scooty people own houses here. It is a gram panchayat but we get everything easily at our doors...technology and increased income did wonders for us😊
Zomato?
@@balsara675 10 kms pr available hai😏
THANK YOU TELLING PEOPLE THAT! THEY THINK INDIAN VILLAGES ARE IN THE DARK AGES!
@@balsara675 local tiffin services are easily available
@@sreenavenugopalan936 villages are not like as shown in the movies, tv etc!! We are living in way better conditions.
As a data scientist, really happy to see that finally we're valuing data collection and research in this country more.
If you take into account inflation, average spending was effectively higher in 2011 than 2022.
Expenditure data is in % of total income.
Because the total income was also less.....that's why the percentage was high.
It should be a concern that most of the money spent on food the major share goes to processed foods
The urban Middle Class needs the support of the government
They are mostly show off people
Yes, cheap housing
Cmon... Asking for support from govt than thinking to earn more n broaden knowledge is important. Govt ain't gonna come fr ur rescue when they do have richies in their bucket list totally filled.
@@sudhakarsai1591they should create more jobs..i mean private jobs.. they can do with public and private partnerships..
Nah...we just need some mercy.
PMGKAY is among the world's biggest social welfare schemes aimed at ensuring food and nutrition security for 81.35 crore people. The government has decided to extend the scheme for five more years till December 2028 that would cost the exchequer Rs 11.8 lakh crore.
11.8 lakh crores is about 120 Billion dollars over 5 years. That's 24 Billion dollars a year for food a nd nutrition security. Worth it.
It will have a huge multiplier effect on our economy.
It shows the true status of Vishv Guru
@@MrRazaq09Jahil do you know the concept of welfare state or second biggest producer of food grains and biggest producer of milk and meat 😂😂😂
@@MrRazaq09 zaleeluddin al-dalala
So 81 cr Indians Can't afford 2 meals a day.. Hmm.. 4 tn $ economy
Income has increased but where is inflation?
inflation is a problem when growth stagnates and income increases, not simply because income levels have risen. If output slowed, and income increased, we could have higher inflation. On the other hand, if there is excess demand over supply too, we would have seen inflation. But since this is a growing economy, inflation is not an issue. Another Q....has income really increased lol
Recent data - 4.8 % inflation
@@peggandwhiskey which is nothing for india
Reduced share on food because agriculture produce prices raised barely in 10 years- unfortunately farmers have to cope up. Just see rice price in 2011 vs now, same way compare price of petrol or any other produce
In nominal terms, the growth during the 8 years from 2004-05 to 2011-12 works out to 147% (or 18% each year), while from 2011-12 to 2022-23 i.e 11 yrs, consumption grew by 164% or by less than 15% each year. That's for rural areas.
COVID 19 that's for u 😂
In 2011 1 usd was 46 and now is 83
I usd is 15000 indonesian rupiah..how about it??
Dig deeper. Considering US inflation, one 2011 us dollar was 100 cents, and now is 73 cents. The rest of the difference in dollar and rupee depreciation can be explained by the subsidy US dollar enjoys as the reserve currency across the globe. The subsidy keeps US inflation artificially low.
This channel belongs to Reliance and everyone knows where their interests are😅😅😅😅😅
Every channel belongs to a company...So ?
Interesting report. One thing not clear is that why indian consumer companies are in slowdown if consumers spending more on gadgets.
Indian exports is dominated by IT and some other few sectors since WEST is already facing recession companies are facing slowdown moreover prepare for another 2008 like or much bigger than it CRISIS as US COMMERCIAL REAL ESTATE BUBBLE is about to burst
Yadav Ram, it is NOT an interesting report. It is a DUBIOUS report and the Conclusions complete NONSENSE!
The claims made by the GOI Survey between 2022 & 2023 are totally LAUGHABLE!
• As income increases people spend less on food! (WHAT????)
• Relative expenditure on cereals has not only declined, but there is near convergence on percentage expenditure between rural and urban residents. (Oh really! So what exactly are they eating? Grass?)
• Narrowing gap on a staple in Indian thalis indicates relative deprivation of rural consumers in areas other than food (“deprivation”??? How….when the government says Poverty has decreased sharply?)
• Madhavi Arora, an Economist wrote: _rural sector's marginal propensity to consume is higher than that of the Urban Sector_ .
Based on some stupid Survey covering a very limited section of citizens how the hell can the GOI and Economists like Madhavi come to such obnoxiously incredulous conclusions? Shocking!
@@rajupatnaik7776 one reason of expenses of food going down maybe that so many people getting free food grains from govt (scheme has been initiated around covid and extended )
@@yadavramsharma6454, yes I am aware of free grains like Rice and Wheat. If that is the reason for the decrease in expenditure on cereals then that should be mentioned in the Survey or should be told by so-called Economists who write blogs on that Survey; instead of blindly mentioning the results of the Survey.
The other Points I'd mentioned simply does not make any sense at all!
Very nice report, it clearly shows the change of life style of rural people, a good sign of economic growth, it will take time to gap the disparity between rural &urban,
Does the statistical analysis normalize spending to the increasing prices of goods and services? On one hand it is exciting to know that rural spending has doubled as this suggests progress. However, given that prices have increased generally, it's also possible that their income did not increase in proportion to their expenditure.
I think it's really common among Indians, I have so many Indian co-workers we are paid reasonably high salary in the west but every single day they will eat roti and lentils even somedays they only eat snacks like chick peas or samosa, but they have nice car and house they pay 80% of income for mortgage and car payment, very poor social life ,joint family
and they live to show others, Is it the same living in India? let me know
They will starve but they will buy a useless land in India or Spend in a wedding all their income 😅
Oh urban indians are different. Depending on the age group too. Man the amount cafes and restaurants in metros have one wondering do Indians even eat at home
In the metropolitan cities fast food is becoming very common. But where I live home food is still preferred, but unfortunately it's changing. Apps like zomato are making people attract to fast food
Thanks for the Video Palki...you did a great job....
By top 5%, do you mean the richest in middle class category, or the high class/elites. I think you are referring to the first one.
Were could we find the report. Any link or website would help
Informative and covered most important points on day to day life overall ❤👏👏
Why is survey results compared to 1999-2000? Only first point was compared to 2011-12. Playing with data works in paper and optics creation, reality in ground matters. Beyond emotions, reality will work in this election time. Just imagine even after so much media support and party machinery, opposition still have sizeable votes. India is not sold out to one party.
Right, in my home too, we are spending less on grains but more on Chinese foods, inspite of not earning we still manage to fulfill our whims and fancies 😂
Fav news channel ✌️💕
Ma'am you bring really great news! Very insightful and informative! Away from the usual provocative bs! Thanks!
This was an important presentation. With the increasing penetration and adoption of education, people are making informed choices across the length and breadth of the country, assuming the sample size of the survey accurately reflects the great diversity of choices. Excellent content!
Dhimank, your comments are nothing but a pathetic joke! Why have you simply taken-for-granted what the Survey says? Why are you assuming the correctness of the report?
On first sight, all the conclusions from this Survey is DUBIOUS & LAUGHABLE!
Please apply some common sense; instead of taking-things-for granted!
@@rajupatnaik7776 hello Mr Patnaik. The contents of the survey has not been taken for granted, which is precisely why I used the word "assuming". It is the analysis of the survey which I've admired, not the findings of the Survey itself. Please read things carefully before pulling the trigger. Aggressive replies such as yours have led to hyper-polarization of politics here in India. I believe there are better ways of communicating your disapproval than the manner in which you've done.
@k765 , I am hardly convinced by your totally half-baked reply!
>> _analysis of the survey which I've admired, not the findings of the Survey itself_ .
OMG! What a poor response.
The analysis should be based on the Survey. And the findings of the Survey has already been made public, which (unlike YOU) I've read in newspapers. And my 1st post is based on that only.
And this Palki is making a complete FOOL of herself by saying when we get Rich we reduce our food expenditure and then diversify it to Non-food expenditure. What a shockingly FOOLISH comment is this? And when Cereals and Pulses are still being purchased everywhere, how can she say people have reduced their consumption of those food?
You Dhimank "admire" this analysis???!!!!
In which world are you all living in ?
❤ you palki
India is becoming a world power. People are receiving better pay and living better lives. As India continues to expand it's industries more people will have access to better jobs. The inequality will become less. Farming is getting better, too. With the effort at water harvesting, farmers are raising more crops and making more money. Food will become cheaper as they raise more than one crop per season.
In these years inflation in fruit prices is more than cereal and pulses. Indians are not buying more fruits they are now more expensive.
Why they not taking survey on Education and Hospital expenses.? Damn sure it increases minimum 1000 times.
Could you please share if you have those detail?
Sign of increased income. Totally.
But, the gap between the rich and poor is concerning. Couldn’t agree more. This is where Economics comes handy.
Also, i recall reading this in the classes too, that they need to carry out a survey soon. I mean 2011 data cannot suffice for the 2024 Indian economy anymore. It's literally time.
Anyway, phenomenally covered, Ma'am!
Inflation left the chat
It's 5.1% dude ..u want zero so that there would deflation which is more dangerous?!
please show the numbers by adjusting inflation.
The rural spending increased by 2000 and the direct Government aid is also 2000 .. what a coincidence 😂😂
Palki, Govt is giving free food grains to 80cr of population since covid...so Indian poor need to spend less on foodgrains.....thats simple 😊😊
What about inflation and rural spending?
Please make videos on important topics like,population contro,global warming ,climate change and it's impact, education and judiciary in India, unemployment etc
Agree on reducing inequality to be given priority but on the rest of figures - can you in the description atleast provide the calculation logic. Is this data available for public.
Increase in wages does not mean much with rising living cost. Many sectors are known to be witnessing decreases in wages not to mention poor job market. All this with price of essentials increasing as well. So for such known reasons looks like data quality or logic on evaluation might be incorrect.
Also would like to add that spending on items like washing machines definitely makes physical labor less but given climate impact as one of most critical existential threats, have we considered adding true cost to humankind esp in India where human labor needs work; making some chores manual will help put food on table for many poor and will help reduce carbon footprint 👣 - just an example. Lifestyle changes need to be looked at priority and such small siloed segments misleads from potential net loss to humans being projected as improvements.
It is fair for domestic hiring, coolis, plumbers, and handy man jobs. Washing machines, cars, dish washers adding more ENERGY consumption and also destroying family life as women are choosing materialism over family.
Well did they take into account inflation?
WOW in 22 years the % only fell by 9 % what a failure by this govenment !
I wonder if the amount includes purchased ready made food...
I think the majority portion of processed food falls into the category.
4:39 on display it's 250 rs and u latter said 350 which one is correct data😅
What about inflation's share in it?
2016-17 data is suppressed well ... When will the 2021 census finally happen?
2kg urad dal is 350 rs. And in southindia we eat idly dosa daily. So tough
What do u mean
🎉🎉namaste tq Mam pal 🌄 tq ☕🎉
how can you compare these reports ? what is the sample size ? what are the questions asked in 1999 and 2024 ? need to do comparative analysis.
First you need to earn to spend. People earning Rs 30,000 a month are considered wealthy, yet more than 80 crores still rely on government rations. High unemployment persists, and those who are employed are often underemployed. Why is there an issue about people spending? Godi media needs to address topics such as employment, education, and healthcare cost.
With a Rising GDP, but Slow Consumption and Low Savings, Is India’s Workforce Thriving or Surviving?
Ahead of the Lok Sabha election, the crisis of unemployment unites India as few things do. Why are important sections of India out of work? How do unemployed Indians live? Why is the work available not enough to earn a livelihood? How do Indians secure employment? How long is the wait?
Several economic indicators reveal a narrative at odds with the government’s portrayal of economic prosperity.Data on vehicle sales, dwindling consumption demand, high borrowings, diminishing savings, declining rural demand, unpaid labour, low-quality jobs, a declining labour rate.
Indians are managing to sustain themselves with their current jobs, rather than thriving under the government’s ‘Viksit Bharat’ initiative.
if FMCG(Fast-moving consumer goods) sales are sluggish, household savings are declining, and borrowing levels are soaring, it may suggest that workers are facing challenges in sustaining their living standards and may be merely surviving rather than thriving.
The trouble is we haven’t had a consumption survey. There was a consumption survey for 2017-18, but the government ditched that one because they didn’t like the results. A leaked version of that survey showed that rural consumption had actually fallen over that six-year period, from 2012 to 2018. And since then they have not had a consumption survey. They’re supposed to be doing one now, but we’ll not get those results for at least another year.
why would you not do a consumption survey? Because those surveys tell us how many poor people are there are in the country, where they are, what they do; they tell us about distribution, because these give us some indication of who can consume what.
I am tired of hearing unemployment, does anyone have a good definition of what it is and why people are not working? I have jobs for 3 people, will pay 20k take care of food, clothing and education for children. I have been trying for 10 plus years, not many takers. Even if I had someone, they work for few months and travel back to their home place because government is paying them under some scheme, paying for girl child, marrying kids.. I can’t drive anymore, they change every few weeks or months. One recently didn’t sleep enough and destroyed the car because he fell asleep. 0 personal responsibility. Don’t jump to any government, the root cause is there is no personal responsibility. Don’t get married if you can’t afford, don’t have kids if you can’t afford, if you want to marry and have kids be prepared to work. People are lazy, government should stop all free money schemes better yet we should not vote for anyone who promises free stuff.
80cr are given free ration but that does not mean they rely on it. Food is the oldest freebie used to win elections.
Rural consumption is not more...the same commodity price has gone up...these r the essential commodity required in day to day life to sustain
Petrol, Diesel, Gas prices doubled from 2011 to 2024 😂😂😂😂 and Rurals spending more you say, without taking this into account
govt also give free sugar rice dal water taps to every household to 80cr ppl bringing 25cr ppl out of poverty
all these are imported . government has no control over it. the things available in india like milk, vegetable , electricity, clothes are not that expensive compared to 2011.
India's per capita daily caloric intake (2533kcal, 2018) is equivalent to China in 1993 (2538kcal).
Rural 45 USD, urban USD 78...lower than 90% of Asia (significantly) and less than many sub saharan Africa
We learn this in the economics class, and if indians are consuming less on food its a good news.
Well, the prices has rised of everything..
India's economy is shrinking
Refer factors affecting Elasticity of demand (propensity to consume)
Data quality issue when it is not favorable to Government 😊
I don't know i should feel sad knowing that per capita rural spending is less than 4000, i will spend sometimes this much if i eat in a good restaurant with my family or is it a good thing that 4000 is enough for one person to survive
What is compounded Inflation for last 10 years
People moved to rural with wfh.
We are not spending less on food, but more on quality food.
Our priority is no more only on food but better quality of life.
What about food inflation ?
Point 5 is just thing that's needed a good policy
All consumer durable sales have come down. Please check the data
Takeaway No. 5 - 4:28 : I think inequality of spending should increase more, a lot lot more. Assuming that the top 5% are the richi-rich people they should spend a lot more money on buying goods and services (meaning they are contributing more to growth of Indian economy) meanwhile the bottom 5% should spend as little as possible (meaning spending less money is sufficient for the poor to live a decent life in India).
The only reason why spending for food is less is because rent and school fee are too expensive.
Regret clicking this video. Skipping it anyways
1400 to 3600 in rural, is bcoz of cpi inflation.... Thanks to inflation in daily house hold items
I live in urban. Here urbanite consume more on processed food and take away orders and restaurant life style. Digital India has made common man life easy by the use of mobile.
Just remembered, this is an Indian channel.
Interesting survey
No coverage on SBI vs SC?
Free PDS by central government 5:55
This also reduced the expenditure on food.
Govt should use policy to tweak what food gets processed. Engineer policies that encourage minimally processed foods like canned tomatoes and rajma, and discourage potato chips, breakfast cereals and a thousand varieties of snack mixtures. Taxation may be a route to achieving this.
I always tell this to my mom that what ever our household income is spend it on food and travel .... don't spent it on buying stuff because at the end of the day its your health and travel experiences thats gonna enrich your life and not things or stuffs ! .... So thats the mantra we follow in our household ! .... 🙏 .... 😎 ....
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Why does Palki have a whitening filter ?
It's because agriculture products prices were regulated by government and making farmers poor.
Animal protein and eggs contain more than protein. They contain vitamins, minerals and non-protein, non-fat, non-carbohydrate nutrients that are required for better human health.
The inequality factor is due mainly to income distribution. There will always be individuals and families who control most of the wealth in any society, BUT, standard of living for most depends not on wealth but on disposable income.
Strangely enough, wealth production also depends on disposable income, money circulating in the BULK of the population. BUT the wealthy owners believe that the profits from business depend on restricting the incomes of workers as a way of reducing costs, creating a cheap pool of workers, whereas this actually restricts demand, which reduces growth and profits... go figure!
What job do i need to spend 750₹ per day
Why should we calculate in percentage instead of actual money. In 2014 if our income was 1000 rupees and we spend 50 percent on food i.e. 500 rupees. In 2024 our income is 4000 rupees and we spend 30 percent.i.e. 1200 rupees. So in reality we are spending more money. There is not too much difference in food prices between 2014-24. So definitely the percentage will be less.
People getting out of pressure faced due to demonetisation ,GST and importantly COVID
propensity to consume is decreasing.
Ohh come one ma'am, your first point is not correct. We can not compare amount of money belonging to different time.
In case of rural India, we have to multiply 3700 rupees by the ratio of CPI(consumer price index) of 2011 to CPI of 2023, then we'll get the actual increase or decrease.
But we are spending almost 70% on food.
india needs one more deomonetization for better data on financial spending patterns
Palki sharma share beautiful news everyday like herself ❤
it may be because cost of agricultural produce did not increase
with increasing income of people
And decreasing income of farmers
Laziness
Fact is salaries have not gone up since many years
No one is earning more.. price of all the goods are increased way too much.. Inflation is high
the usual perday should be more than 1000 for the top 5% :/ how can the top 5% survive by spending as low as 21k per month?
Free PDS by central government
This also reduced the expenditure on food.
These data is collected from small group than generalized on all
It is obvious. Earnings have risen more than food prices.
Mostly rural do cash transactions do this data have any credibility or is it just based on sample datasets?
What about inflation people have been going through? Accha hai... Earning more
Earning more? Are you kidding me... The wages have not been matched up to the rise of inflation.
Conviniently ignoring the inflation to glorify propoganda.
Processed food consumption is high which is not good