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

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search