News > Indians spending more on packaged food, eating out as home cooking declines

Indians spending more on packaged food, eating out as home cooking declines

Households labelled as urban elite backgrounds in FY23 spent almost 50 per cent of their monthly food budget on packaged food, dining out, and food delivery services. That is compared to 41.2 per cent of such spending 10 years ago, according to a report. This trend is expected to grow, driven by the expansion of rapid commerce and food delivery applications, escalating incomes, and evolving culinary preferences, according to the report.