Business Standard

Indians spend 11% of their income on eating out

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Press Trust of India New Delhi

The Food Franchising Report 2009 added that in India, 30% of working singles eat out at least once a month and a majority of them spend about Rs 101-150 per meal.

The report said the trend towards home delivery is also fast gaining popularity. CIFTI-FICCI said that India is one of the few countries where fast food chain McDonald's has introduced its home delivery service.

Regarding the fast-food segment, it said: "The core customers for fast food are in the age group of 25-35 years. Youngsters (18-20 years) taking up part-time jobs coupled with rising salaries also lead to higher discretionary spending on food."

The study cited the KSA Technopak India Retail Report 2005, which has revealed that eating out accounts for 11% share of an average Indian's income, second only to grocery at 41% and above personal care items, savings and entertainment.

 

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First Published: Apr 20 2009 | 2:32 PM IST

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