by AIP Online Bureau | Jul 20, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Pension & Social Security, Policy, Regulation, Wealth Management/ Philanthropy
“While bank deposits continue to remain dominant as a percentage of the financial assets owned by the households, their share has been declining, with households increasingly allocating their savings to Mutual Funds, Insurance Funds, and Pension Funds” New...
by AIP Online Bureau | Sep 25, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation
“The household sector is consuming by borrowing more,” said Rupa Rege Nitsure economist with L&T Finance Holdings Ltd. This happens when income level stays stagnant but inflation creeps up. The recovery is not broad-based — while a section splurges on luxury...
by AIP Online Bureau | Sep 21, 2023 | Eco/Invest/Demography, Policy
Overall household savings (current prices) – which include financial, physical and jewellery – has grown at a Compound Annual Growth Rate (CAGR) of 9.2 per cent between 2013-14 and 2021-22 (8 years) and the nominal GDP has grown at a CAGR of 9.65 per cent...
by AIP Online Bureau | Sep 20, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Net inflows into life insurance funds and small savings increased by 15 per cent and 7.5 per cent, respectively. Household investments in mutual funds (MFs) reached a record Rs 1.8 trillion during financial year 2023 (FY23), largely driven by strong inflows through...
by AIP Online Bureau | Jul 26, 2023 | Data, Eco/Invest/Demography, Policy
Household household net financial savings (NFS) had fallen to a three-decade low of 6 per cent of the GDP in FY23E, almost half of the peak in FY21 and down from 7.5-8.0 per cent of the GDP in the pre-Covid period New Delhi: The entire theme of financialisation of...
