Sikhs, the Biggest Spenders in India: Survey
Bangalore: India, the second most populous country and also the most populous democracy in the world is home to over 1.2 billion people belonging to multi-ethnic groups and a multilingual society.
Sikh community is one such major community in the country and resides mostly in the northern state of Punjab. This community has now emerged as the country's biggest spender on an average, while the Muslim households which is the second largest religious community in the country, turned out to be the smallest penders on an average as per the report based on the government data compiled for the period July 2009 to 2010 June, reports Anil Sasi for Indian Express.
As per the list of major religious groups set by average monthly per capita household consumer expenditure (MPCE), almost 1.7 times more is spent by the Sikh households than the expenditure of Muslim households.
According to the countrywide report of the eighth quinquennial survey by the National Sample Survey Office (NSSO) on employment during the year 2009 to June 2010, Rs 1,659 was the average MPCE of Sikh households while that of the Muslim households was just Rs 980.
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