Average Indian spends $1.8 every day; Chinese, $7

[prasad1]

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The average American spends $97 every day, the average Chinese $7 and the average Indian $1.8, according to Goldman Sachs data and an IndiaSpend analysis. 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 our 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. As many as 363 million Indians, or 30%, live below the poverty line, as IndiaSpend has reported.

Read more at: http://www.sify.com/finance/average...day-chinese-7-news-economy-qeem0ibejgeii.html

 

[yesmohan]

The average American spends $97 every day, the average Chinese $7 and the average Indian $1.8, according to Goldman Sachs data and an IndiaSpend analysis. 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 our 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. As many as 363 million Indians, or 30%, live below the poverty line, as India Spend has reported.

The people living below poverty line (30%) are construed as poorest of the poor and eligible for the benefits of all poverty alleviation programmes.
People who live marginally / little bit above this cut off level of economic criteria, also suffer for their subsistence.

 

[GANESH65]

The data may not be complete without the information on how much India saves. No doubt we are one among the poorest lot and more than 40% of our population still live below poverty line, the average Indian still have the natural instinct of saving for tomorrow. Irrespective of his financial status, average Indian tries to save at least 10 paise of every rupee earned for future use. May be that's the reason India was still able to with hold the evil effects of Global recession and was one among the least affected.

 

[tbs]

The data may not be complete without the information on how much India saves. No doubt we are one among the poorest lot and more than 40% of our population still live below poverty line, the average Indian still have the natural instinct of saving for tomorrow. Irrespective of his financial status, average Indian tries to save at least 10 paise of every rupee earned for future use. May be that's the reason India was still able to with hold the evil effects of Global recession and was one among the least affected.

hi

i think....in india too...saving culture is diminishing.....like last generation lived for children/grand children.....once upon a time

our grand parents saved money /jwellary for grand kids...not any more...like they used to say....இது என்னோட பேத்திக்கு ....இது

என்னோட பேரனுக்கு...not any more....

 

[auh]

I think the data may not an indication of poverty line as it may not denote the real worth of goods/services they (the people) are obtaining. As stated in post #2, there are many ways to get subsidies, and hence, (actual spend may be less than required) to rely on the spend alone may not be a good base.