India's richer middle class is living a more dollar-linked life while earning in rupees

Dollar spending India: The country's expanding middle class now spends more on foreign goods and services. International travel and overseas education are becoming regular annual expenses for many families. Digital subscriptions, AI tools, and imported electronics also contribute to this growing dollar demand. While oil imports remain the largest driver, household spending is a significant factor. This trend reflects India's deeper integration with the global economy.

Raccontata daeconomictimes.indiatimes.com