In 2016, half of the population in India had enough money to live comfortably and were able to spend based on what they wanted, whereas 14 percent of the population only had money for food, shelter and basic needs. Though this perceived financial ability had improved over the years, the spending power was not directly affected by it. Additionally, 86 percent of the people were able to either spend freely or spend on things that they wanted across India, compared to 60 percent of the global population's similar spending ability.
Share of perceived spending across India in 2016, based on financial ability
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Motilal Oswal Group. (April 9, 2019). Share of perceived spending across India in 2016, based on financial ability [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1044212/india-perceived-financial-spending-ability/
Motilal Oswal Group. "Share of perceived spending across India in 2016, based on financial ability." Chart. April 9, 2019. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1044212/india-perceived-financial-spending-ability/
Motilal Oswal Group. (2019). Share of perceived spending across India in 2016, based on financial ability. Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1044212/india-perceived-financial-spending-ability/
Motilal Oswal Group. "Share of Perceived Spending across India in 2016, Based on Financial Ability." Statista, Statista Inc., 9 Apr 2019, https://www.statista.com/statistics/1044212/india-perceived-financial-spending-ability/
Motilal Oswal Group, Share of perceived spending across India in 2016, based on financial ability Statista, https://www.statista.com/statistics/1044212/india-perceived-financial-spending-ability/ (last visited January 08, 2025)
Share of perceived spending across India in 2016, based on financial ability [Graph], Motilal Oswal Group, April 9, 2019. [Online]. Available: https://www.statista.com/statistics/1044212/india-perceived-financial-spending-ability/
