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- By 2025, One third Of The Average Food Budget Will Be Of Chicken mutton, The Expenditure On Bread, Rice, And Other Cereals May Decrease.
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- By 2025, 35.3% of household budget will be spent on food and drink, which was 33.2% in 2005
- 30.7% will be spent on mutton, chicken and other protein-rich food items, which was 17.5% in 2005
- Expenditure on cereals may decline from 28.8% to 23.8% while expenditure on fruits may increase from 6.4% to 16%
By 2025, one-third of the expenditure on food and drink in Indian households will be on protein-rich food items like chicken and mutton. Fitch Solutions, a unit of Fitch Ratings, has said this in a report prepared on the expenditure of families on food in India. According to him, this could be due to increase in disposable income of the people and increase in inflation.
Expenditure on bread, rice and other cereals can be reduced
Fitch Solutions has said that the expenditure on bread, rice and other cereals may decrease in 2025 compared to 2005. It has said that for the last 20 years, due to the increase in the disposable income along with the increase in the income of the people, the protein in the diet of the people has increased. That is, apart from the essential food items to fill the stomach, other nutritious food has also come in the reach of families.
Spending on fruits may increase from 6.4% to 16%
According to a Fitch analysis, by 2025, households will spend 35.3% of their household budget on food and drink, up from 33.2% in 2005. 30.7% of its expenditure will be on mutton, chicken and other protein-rich food items, which was 17.5% in 2005. Expenditure on bread, rice, and cereals may decline from 28.8% to 23.8%, while spending on fruits may increase from 6.4% to 16%.
Between 2005 and 2025, the expenditure on mutton may increase by 17%.
Chicken-mutton consumption is not likely to increase much in India. The biggest reason for this marginal increase will be inflation. According to the report, the expenditure on mutton may increase by 17% annually between 2005 and 2025. During this period, the cost of eating whole food can increase by 12%.
Mutton and fish prices increased by 7.9% annually between 2012 and 2021
The report also states that the per capita consumption of mutton is likely to increase to 4 kg at a compounded rate of 1.4% per annum, from 3.1 kg in 2005. Between 2012 and 2021, the price of mutton and fish has increased by 7.9% annually, while the average inflation rate during this period has been 5.8%.
Chicken will have the highest consumption of 71% in non-vegetarian food
Chicken will have the highest consumption of 71% of non-vegetarian food by 2025. Its consumption by then will be 2.9 kg from 1.1 kg in 2005. Meat consumption will remain low in India, the biggest reason for which is the effect of beliefs on food and drink. Here rice and other cereals are an important part of the diet, as they are cheap and they make a variety of food items.
Flour spending may increase by 11.9% annually
According to a Fitch Solutions report, per capita rice consumption in the country is expected to increase from 70.4 kg to 77.1 kg between 2005 and 2025. The expenditure on this is estimated to increase by an average of 10.7% annually. The expenditure on food items like flour can increase by an average of 11.9% annually.