Layoffs? Indians splurging more on air travel & movies, dining out
Online travel aggregators saw a massive 224 per cent increase in transaction value in the April 2022-March 2023 period, according to the report by full-stack payments and banking platform Razorpay. The consumer spending on movies saw a whopping 173 per cent growth and the launch of the movie `Pathaan` resulted in a massive 70 per cent jump in multiplex transactions over the daily average.
In FY23, the spending on dining out increased by 2.5 times and transaction volumes jumped by 162 per cent in comparison to last financial year. Source: Pixabay