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Why do Indians spend so much on food?

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    • July 26, 2021

Why do Indians spend so much on food?

Indian consumers spend more on food than any other country.

They spend Rs. 10.7 trillion on food every year, and a staggering 2.2 billion of this amount is consumed in the form of food.

This is a huge sum of money for a country of just 2.3 billion people.

This makes food, and its preparation, one of the most important areas for food companies.

The cost of preparing food in India is also a huge concern for the industry.

Most of this is spent on food storage, and the government has made a concerted effort to increase the storage space available to consumers.

However, this has also caused a rise in prices.

According to the industry body, the Centre is the most expensive market in the world, with the average price of a kilo of produce, which is normally priced at Rs. 6,000 per kg, going up to Rs. 8,000-8,500 per kg in 2019.

The biggest impact is the increase in the cost of storage space.

As the market for fresh produce is increasing, the price of storage is also increasing.

The Centre has set up an auction to allow farmers to store their produce in new and recycled containers at a reasonable price, and prices have increased significantly over the past few years.

The government has also launched a scheme to sell produce at retail at competitive prices, in a bid to boost domestic consumption.

It has also increased subsidies for small and medium-sized producers, as well as increasing subsidies to farmers in the process.

These measures have caused food companies to raise prices to match the increasing costs.

However this is not the only reason for the increase.

In January 2018, the Reserve Bank of India (RBI) raised the prices of food to prevent food inflation.

The move was done in the name of preventing inflation and keeping prices stable.

However there is a major downside to this policy, which has been attributed to rising prices.

It will affect the amount of cash people have available to spend.

A study by the Centre for Economic and Policy Research (CEPR) estimated that if food prices remained constant at the current rate of inflation, the cash that people have in their accounts would drop from Rs. 22,000 crore to Rs 22,500 crore.

A similar effect will be seen if food inflation increases as a result of this move.

For this reason, the RBI has announced a “countercyclical” plan, in which the bank will keep its currency fixed at the exchange rate that was in effect in January 2018.

The aim is to ensure that food prices are in the market to reflect the current inflation rate, which means that the RBI is not directly affected by any change in food prices.

This policy is also intended to prevent the market from being flooded with cheap food, which will then be sold at higher prices.

However these measures may be good for the economy as they will encourage food producers to increase their output and improve food prices, but they are also likely to cause some inconvenience for the consumers.

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