7c News How Indians spend their hard-earned money

Much has been reported about equality in India. But the fact of the matter is that the concept might appear slightly abysmal considering that the divide between the rich and poor in the subcontinent is predominantly visible in spite of stalwarts ranting against the discernible apportion.

Numerous surveys have marked a distinction between the various income groups which are prevalent in the country with most citizens ranking below the poverty line.

Allow us to explain.

Certain figures which have been made available by the World Bank depict consumer spending patterns and pie charts reproduced here represent exactly how the rich and poor, if we might assert, spend their money on various sectors, including food, housing and transport.

You might have been oblivious to the fact that half of an average Indian household’s income is attributed to food and clothing while the elite tend to invest in the housing sector in a blatant comparison.

7c News How Indians spend their hard-earned money

Food constitutes the basic prerequisite of every household irrespective of the apparent divide. Statistics have described that the lowest income group spends approximately 53.27% on food and beverages while the higher income group occupies 11.88% of the chart. The aforementioned graphic also explains that expenditure on food and beverage decreases proportionally with an increase in the living standard. The poor, figuratively,  spend more on food than other probable sectors.

7c News How Indians spend their hard-earned money

Buying a house in India for low income groups seems like a remote dream. The expenditure of such families on the housing sector rests at 5.62% while the bourgeoisie invests in property instead, for which they occupy 38.89% on the chart.

7c News How Indians spend their hard-earned money

Not much of a difference has been observed in the housing and transport sectors per say. Low income groups spend a mere 3.85% of their total expenditure on transport while the rich contribute to 20.20% of this sector.

7c News How Indians spend their hard-earned money

Unfortunately, there isn’t much we can write about the dismal literacy rate and health concerns in India for a basic comparison of the acclaimed luxuriant sectors explain that citizens, irrespective of their financial status, attribute a considerable amount of their income to basic essentials than education and medicine. The graphic, above, delineates the deplorable figures which constitute the health and education chart.

 7c News How Indians spend their hard-earned money

Meanwhile, here’s a graphic which elucidates what citizens are left with after spending on luxuriant sectors.

So, much ado about everything? Yes, obviously. You might want to reconsider your expenditure diagram after reading this.

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