In a survey conducted in 2020 to analyze the changing consumer sentiments concerning the COVID-19 pandemic in India, over 40 percent of the consumers between the age of 41 to 50 years were willing to pay more than five thousand rupees for furniture and electronics. It was the highest share recorded among all the age groups. The respondents were more inclined to pay high sums of money for furniture and electronics compared to any other product category.
Discretionary expense on furniture and electronics among consumers across India in 2020, by age
Characteristic
No spend
Upto 5000 INR
More than 5000 INR
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KPMG. (July 1, 2020). Discretionary expense on furniture and electronics among consumers across India in 2020, by age [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1177646/india-discretionary-spends-on-furniture-and-electronics-by-age/
KPMG. "Discretionary expense on furniture and electronics among consumers across India in 2020, by age ." Chart. July 1, 2020. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1177646/india-discretionary-spends-on-furniture-and-electronics-by-age/
KPMG. (2020). Discretionary expense on furniture and electronics among consumers across India in 2020, by age . Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1177646/india-discretionary-spends-on-furniture-and-electronics-by-age/
KPMG. "Discretionary Expense on Furniture and Electronics among Consumers across India in 2020, by Age ." Statista, Statista Inc., 1 Jul 2020, https://www.statista.com/statistics/1177646/india-discretionary-spends-on-furniture-and-electronics-by-age/
KPMG, Discretionary expense on furniture and electronics among consumers across India in 2020, by age Statista, https://www.statista.com/statistics/1177646/india-discretionary-spends-on-furniture-and-electronics-by-age/ (last visited August 25, 2024)
Discretionary expense on furniture and electronics among consumers across India in 2020, by age [Graph], KPMG, July 1, 2020. [Online]. Available: https://www.statista.com/statistics/1177646/india-discretionary-spends-on-furniture-and-electronics-by-age/