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Household net financial savings at 47-year low in FY23

Household net financial savings at 47-year low in FY23

by AIP Online Bureau | Sep 20, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

According to the Reserve Bank of India (RBI), household net financial savings (HHNFS) collapsed to just 5.1 per cent of GDP in FY23, marking the lowest level in 47 years since FY77, the report said New Delhi: Household financial borrowings in FY23 surged to 5.8 per...

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