Fewer Indians plan to raise festive budgets in 2026, but high spenders grow: Survey

Fewer Indians plan to increase their festive budgets for 2026, according to a recent survey. This decrease in spending intentions is a significant trend, as it may impact consumer demand and overall economic growth. The survey also found that high-ticket spenders are growing, albeit marginally, which could be a positive sign for luxury goods and services. This shift in spending patterns may have implications for businesses catering to different segments of the market, particularly those targeting mid-budget consumers in tier-2 cities.

Why it matters

The survey shows a decrease in the number of Indians planning to increase their festive budgets, but also an increase in high spenders. This mixed result could have varying effects on the Indian economy.

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