Blog:Careful spending

The Mahesh family, like most Indians, teach their young children to save money for a rainy day.
As a result, households in India are among the most frugal in the world.
Lanka Mahesh and his wife are both dentists with two young daughters.
While their incomes have risen, so has the price of essential goods like food and fuel. They have been forced to rethink their spending habits and the downturn has made them cautious.
Plans to buy a second car and move to a bigger apartment have been put on hold.