Households shifting financial savings from monetary to actual belongings: CEA Anantha Nageswaran

ndian households are shifting their financial savings from monetary belongings to actual belongings, stated Chief Financial Advisor V Anantha Nageswaran in a dialog with businessline Editor Raghuvir Srinivasan. In 2022–23, the tempo of accretion to the web monetary belongings of households slowed in contrast with the earlier 12 months’s tempo. This slowdown just isn’t as a result of Indians are consuming extra; it’s as a result of they’re additionally buying extra actual belongings. The diversion of monetary financial savings went into bodily belongings, stated the CEA. It’s a portfolio reallocation