Home / Knowledge / News / Textiles / With $1.8 of daily spending, India way behind US, China
With $1.8 of daily spending, India way behind US, China
06
Apr '16
Forget India's rosy GDP growth figures. According to Goldman Sachs data and an IndiaSpend analysis, the average Indian spends $1.8 every day compared to $97 for an average American and $7 for an average Chinese.

IndiaSpend is a data journalism initiative. An Indian living in a town or city spends Rs 88 ($1.8) every day and in a village Rs 48 (72 cents), according to IndiaSpend's analysis of government spending data, last released in 2011-12. The Goldman Sachs study considered 2013 data.

This is what Indians in villages and cities spend each day, on average, on food, clothing, rent and other daily needs.

Among village folk, those in Kerala spend the highest: Rs 90 per day, followed by Goa at Rs 80, and Punjab at Rs 78.

Among urban folk, those in Haryana spent the most, Rs 127 per person per day, followed by Kerala at Rs 114 and Delhi at Rs 110.

Half the people in villages spend less than Rs 1,198 per month, which is Rs 40 per person per day, indicating the extent of poverty.

In cities, the poorest half of the people spent Rs 2,019 per month, or Rs 67 per person per day. Average spending in cities was Rs 20 higher than what the poor half spent – Rs 2,630 per month or Rs 87 per person per day. This shows inequality between the rich and the poor in urban India.

The poverty line in India is defined as the ability to spend Rs 47 per person per day in urban areas and Rs 32 in rural areas.
The global poverty line, as defined by the World Bank, is $1.90 (Rs 126)

Except rural Delhi, where the spending of the poorest half is more than the average, the spending of the poorest half of the people is lesser than the average spending in all states, indicating India's growing urban-rural divide. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search