In the years 1972-73, in India, food items accounted for about 75% and 66% of household expenditure in rural and urban areas respectively. Nowadays household expenditure money (designated for food items) has fallen to 55% and 53% in urban and rural areas. With thebalance of monies being used to pay for manufactured items and services.
[The above is taken from The National Sample Survey Organisation (NSSO) which recently released their report on employment and expenditure in India].
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