Spending Trends India

Here is an excerpt of spending increase in india:

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SPENDING

In the 80s, snacks included Campa Cola, and the local playboy rode a Yamaha RX100. In the 70s, if you wanted a Bajaj scooter, you went on a waiting list that ran in months, and even years. For many, the dream to own a car came true when Maruti 800 was launched in 1983. 1982 made entertainment more colourful with the launch of colour TV.

In 1970s, the waiting period for a Bajaj scooter after booking, could stretch months or even years.

After the economy opened in 1991, the Indian consumer changed forever. Sensing the change early, Shoppers’ Stop opened its first store in Mumbai in 1991. India saw the smiling faces of KFC and McDonald’s in 1995 and 1996, respectively. In 1999, Crossroads (Mumbai) and Ansal Plaza (Delhi) were the first malls to come up. Another turning point was when Big Bazaar opened in 2001.


Spending for indian consumer is now a graph with increasing trends (up, up, up!!) and the way its going except for few ditches in recession looks like it will never stop.

Even our parents now enjoy :) these malls and shopping experience we have.But the downside is that we always spend more, leading to a debt situation.

One way to do this is track your spends, and i am saying just track it DO NOT do anything just track it for a month, 2 month etc and u will automatically see that it reduces the spends somehow, when we see a consolidated spends for a month, we say oh! that thingy i could have ignored it was just trendy and i only used it once.

This is happening to us (Me and my wife) as we are tracking every expense with trackspends.com .

So why dont u give it a try?