Households could cut food items intake to curb inflation
Indian households are likely to cut back on consumption of food items to manage inflation but they may not compromise on spending towards lifestyle category, according to a Morgan Stanley report.
Indian households are likely to cut back on consumption of food items to manage inflation but they may not compromise on spending towards lifestyle category, according to a Morgan Stanley report.
The report which is based on 2008 representatives of the low, medium and high income groups concludes that Indian households are likely to cut savings to manage rising inflation.Also read: Walmart wants to grow first, then look at profits"The findings indicate that there will be a slow down in the consumption of food items and other staples over the next twelve months," Morgan Stanley Research Head (India) Ridham Desai said.The report found that households expect inflation for their consumption basket to rise further. The research also suggests that they are willing to cut their savings to retain their expenditure growth at previous year's levels.It further said that households are likely to cut back on consumption on grocery items. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
