How Indians Spent Money In 2023

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A new report has revealed how Indians spent their money in the financial year 2023-24

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Razorpay, a leading financial solutions company, analysed over a billion transactions conducted on its platform between April 2023 and March 2024

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The report said Indians were more invested in their financial goals. They also prioritised their well-being and spent more on education

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Mutual funds investments in India went up by 86% compared to the financial year 2022-23

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Trading saw a jump of 62% and insurance payments saw an uptick of 56%

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The sale of health products grew by 39% and spending on dieticians increased by 125%. Health coaching spending also went up by 45%

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People also focused more on education as e-learning transactions grew by 33% while spending on distance education soared by 19%

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Indians also spent on travel. In the last financial year, payments for air travel went up 2.4 times, and spending on travel accommodations increased by 29%

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They also watched movies like "Jawan", "Barbie" and "Oppenheimer" as multiplex transactions witnessed a 42% growth

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Jewellery purchases also peaked on Dhanteras and Diwali, and more money was spent on New Year's Eve

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