Empirical studies on consumption patterns always explain some important insights about consumer demand through highlighting their changing habits and preferences. As economic growth takes place, the consumers preferences change accordingly with the increasing monetary as well as real income. A significant increase in the per capita total consumer expenditure (proxy for total income) has been noted in India both at current and constant prices. This increase in per capita income of Indian consumers will lead them to change the consumption of food items. However direction of change in...
Empirical studies on consumption patterns always explain some important insights about consumer demand through highlighting their changing habits an...