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Household consumer perception on non-essential spending in India 2016-2018

Consumer perception on non-essential spending across Indian households from November 2016 to June 2018

by Statista Research Department, last edited Feb 5, 2019
Household consumer perception on non-essential spending in India 2016-2018 This statistic represents the results of a survey about the consumer perception on non-essential spending across Indian households between November 2016 and June 2018. As of June 2018, about 54.3 percent of respondents perceived an increase in non-essential spending across the country. The Indian government announced the decision to demonetize all 500 and 1,000 rupee banknotes of the Mahatma Gandhi series in the beginning of November 2016 in order to curtail shadow economy and crack down on counterfeit cash that supposedly funded illegal activity and terrorism. The sudden announcement led to weeks of cash shortage and created a significant disruption of the country's economy.
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Consumer perception on non-essential spending across Indian households from November 2016 to June 2018

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