financial savings

Goldman Sachs sees web monetary financial savings of Indian households surge to six% of GDP in FY23-24

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International brokerage Goldman Sachs sees web monetary financial savings of Indian households to have elevated to six per cent of GDP in 2023-24, considerably increased than the 18-year low of 5.1 per cent of GDP in 2022-23. This stance has been primarily pushed by its estimate of upper gross monetary financial savings of 12.5 per … Read more

Households trip on leverage, internet monetary financial savings hit 5-year low

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Family sector’s internet monetary financial savings dropped to a five-year low of ₹14.16 lakh crore in 2022-23, as extra Indian households elevated borrowing from banks and non-banks to spice up investments in bodily property. This pattern was coupled with elevated allocations to mutual funds, direct equities, financial institution deposits, and life insurance coverage merchandise, in … Read more