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
Characteristic
Share of spending 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 August 24, 2024, 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 August 24, 2024. 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: August 24, 2024. 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 August 24, 2024)
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/