Indians Money Spending Razorpay Report : Whatever work we do, there is a description of it somewhere. Whether we shop online or go to the market to buy. If we talk about last year, Indians have spent a lot of money. A report shows that Indians broke many records last year in terms of watching movies in multiplexes. Along with this, there was an increase in buying gold this time too.
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What is Razorpay
Razorpay, one of India’s leading financial companies, has released its annual report. It has given information about which sector Indians have spent the most money in last year. Let’s know where the most money has been spent.
Razorpay’s report told where the most money was spent
A report has come out about where and for what Indians spent money in India last year. Razorpay, one of the leading financial companies in India, prepared a report titled Wealth, Wellness and Wanderlust based on more than one billion transactions done on its platform from April 1, 2023 to March 31, 2024, in which they have given complete information about this.
A lot of money was spent on watching movies
Razorpay’s annual report titled Wealth, Wellness and Wanderlust has revealed that Indians paid a lot for multiplexes last year. According to the report, there has been a 42% increase in the transactions done for multiplexes compared to last year. Shahrukh Khan’s Jawaan and Cillian Murphy’s Oppenheimer film contributed a lot to this. Due to which the sale of ticket agency also increased by 2.7 times.
There is a lot of expense in Gold and eating
The report also said that Indians left no stone unturned in ordering food online. The average of online food ordering has doubled since last year, while eating in restaurants has also increased by 60%. People in India are quite crazy about gold. During Diwali and Dhanteras, this year, an average of 9 times more gold was purchased daily than last year.
Spending a lot of money in trading and stock market
According to the Razorpay report, in the financial year 2024, Indians not only spent money on hobbies and entertainment. But they also paid special attention to savings and investments. This year, there was an 86% increase in mutual funds as compared to last year. At the same time, there was a 62% increase in the field of trading. There was also a 56% increase in insurance payments.
