Food makes up 53.5% of rural household spending: NABARD
In short
A NABARD survey says food takes up 53.5% of rural household spending as prices rise.
It also says rural families are feeling more pressure, with savings falling and borrowing going up.
What the reporting says
A NABARD survey found that food accounts for 53.5% of rural household spending as inflation rises. The survey also showed rural households facing growing financial strain, with savings eroding and borrowing activity picking up.
Why it matters
The NABARD survey highlights how a larger share of rural spending is going to food, with food making up 53.5% of household budgets. It also says savings are eroding and borrowing is rising, suggesting tighter finances for rural families.