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@article{191425,
        author = {Dr. KripalSinh R Rathod},
        title = {A study on the shift in the spending patterns of the Indian common man},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {12},
        number = {no},
        pages = {1469-1478},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=191425},
        abstract = {Based on the data, consumer spending has risen considerably over the past five years, with a sharp increase in the last three. This growth is not uniform; it's most dramatic for high-value, non-essential goods like vehicles and transport services, as well as beverages such as alcoholic and mineral water drinks. In contrast, spending on necessities like oil has grown at a much slower rate. This suggests a general increase in consumer capacity for large and discretionary purchases, with spending on mobility items seeing a particularly rapid rise in recent years. The data reveals that consumer spending is on a clear upward trend, as shown by significant increases over both the last three and five years. The biggest drivers of this growth are big-ticket items and luxury goods, such as vehicle purchases, which consistently rank at the top. Spending on beverages, including alcoholic drinks and mineral water, also shows a strong increase. While investment in health and education is on the rise, spending on essentials like oil has grown the least. A key takeaway from the recent 3-year data is the surge in spending on personal mobility (vehicles and transport), which has overtaken other categories in terms of growth speed. Basically, people are spending more money, and they've been doing so for the last five years. But they're not spending it evenly across all products. The biggest spending jumps are on pricier, non-essential items like cars, transportation services, and drinks. Things like oil are seeing the smallest increases, which might mean people are buying less or prices are stable. The data also shows that in the last three years, spending on getting around has skyrocketed more than anything else, making it the most dominant trend.},
        keywords = {.},
        month = {},
        }