Indians spend a third of their salary on EMIs: Study

Indians across all city tiers allocate more than 33% of their income towards paying loan EMIs, a study by Perfios and PwC India found after examining the spending behaviour of over 30 lakh tech-savvy individuals. Obligatory expenditures account for 39% of people's total spending, followed by 32% for necessity expenditures and 29% for discretionary expenditures, the study added.