Which Indian city earns, spends & saves the most?
A new study by Tata titled "The Many Urban Indias" reveals significant differences in household finances across India's six biggest metros. Bengaluru leads with the highest average household income, earning around 1.7 times more than Kolkata. However, Chennai has the highest debt burden among the cities studied.
Delhi-NCR emerges as the biggest consumption market due to its large number of households, with annual spending of nearly Rs 15 lakh per household. Bengaluru leads in spending, while Chennai spends the highest share of its income on expenses.
The distribution of income varies widely, with Mumbai and Delhi-NCR having the most high-income households. Bengaluru, despite leading in average income, has the lowest share of high-income households. Hyderabad has the highest proportion of middle-income households.
When it comes to savings, the Big Six cities save around 42% of their income, significantly higher than the average 25%. Bengaluru leads in both income and savings, while Chennai has the highest debt-to-income ratio at 27.7%, driven by housing and vehicle purchases. Hyderabad has the lowest borrowing amount at around Rs 3 lakh.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
