Story perspectives

Surat, Ahmedabad, Pune Overtake Bengaluru in Consumer Spending

7/5/2026

Summary

Story summary

The 4 July 2026 PRICE-Tata Sons report finds Surat, Ahmedabad and Pune now outpace Bengaluru in spending.
Delhi NCR contributes $126 billion to consumption, with households spending over $33 billion on transport.
Middle-income households (INR6 lakh–INR36 lakh) represent 53 percent of urban families and are projected to reach 60 percent by 2030-31.
Finance Minister Nirmala Sitharaman says the middle class will account for 93 percent of consumer spending by 2036, spurring demand for durables, cars and retail.

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Story summary

The 4 July 2026 PRICE-Tata Sons report finds Surat, Ahmedabad and Pune now outpace Bengaluru in spending.
Delhi NCR contributes $126 billion to consumption, with households spending over $33 billion on transport.
Middle-income households (INR6 lakh–INR36 lakh) represent 53 percent of urban families and are projected to reach 60 percent by 2030-31.
Finance Minister Nirmala Sitharaman says the middle class will account for 93 percent of consumer spending by 2036, spurring demand for durables, cars and retail.