People who earn in India spend more than 33% EMI from their salary. This information was found in “How India spends: a deep dive into consumer speech behavior”.
The largest Fintech B2B company in India Perfos published the report on February 19 with Pwc India. He analyzed the model of behavior of Indian consumers. In this, the spending behavior of more than 30 Lakh Tech Sevy Consumers was examined.
The most spent to reimburse the issues
1. Expenses on EMI:
The people of each town (from the small to the big town) spend more than 33% of their income to reimburse the EMI loan.
2. Compulsory expenses:
Most of most funds are necessary expenses such as the rent of the house, the electricity bill, etc., which represents 39% of total expenses. At the same time, 29% is devoted to expenses related to lifestyle and hobby.
3. Lifestyle expenses:
Lifestyle expenses are the highest (62%) on fashion, shopping and personal care products.
4. Consumption and consumption costs:
As the salary of people increases, their expenses and their frequencies to spend on food or order online increases.
5. Online playing costs:
Among the people who have gained less than Rs 20,000 are the largest number of people who spend online (22%). There are only 12%left.
6. Payment method:
The most used method for the necessary expenses is the EC (electronic compensation service).
7. House price:
The rent of the house in level 2 cities is 4.5% higher than in level 1 cities.
8. Medical costs:
Residents of level 2 cities spend an average of 20% more than level 1 cities each month at medical expenses. 2,048 is per month.
Data analysis according to income and geography
This report analyzed borrowers of borrowers who mainly use Fintech companies (for example, online loan applications), NBFC (non -banking financial companies) and other digital platforms. . (Tier 1). Some had an income below RS 20,000, while some more than 1 lukh rupees.
The use of digital platforms, the geographic area and income is the basis of this report.
Banks and financial services suppliers PWC and PWC
Perfos This is a global company from SaaS B2B (Age Software A Service) that works in the banking sectors, financial services and insurance. This company works in 18 countries and provides its services to more than 1,000 financial institutions.
It was created in 2008. It was based in Bangalore (Bangalore) and has many offices around the world.
At the same time, PwC (PricewaterhouseCoopers) is a network of multinational professional services, the branch of which is in more than 150 countries in the world. PWC India is part of this global network and in India, it gives business solutions to businesses, government organizations and startups. In addition, the company provides services in the banking, financial, technological sector, health, infrastructure and manufacturing care.
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