Indian Household Consumption Shifting from Necessities to Asset Building: EAC-PM Report Reveals Changing Economic Patterns

Nov 25, 2025 06:56 pm CST

A new report from India's Economic Advisory Council reveals a significant shift in household spending patterns, with consumers increasingly prioritizing asset-building investments over basic necessities. This trend, visible across income groups including the bottom 40% of households, shows growing ownership of motor vehicles, refrigerators, and mobile devices, signaling improved living standards and reduced asset poverty nationwide.