Bank deposits have the maximum 25.5% of total financial assets of Indian households. Provident and pension funds are next with 22.7% share. Cooperatives have the smallest share of 1%. Financial assets of Indian households account for 10.8% of India’s GDP in FY22.
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Where households invest their money
Indian households mainly invested in bank deposits, provident and pension funds, and life insurance funds.
Budget 2023
Budget 2023: Expenditure on govt schemes grows 4%
The expenditure on government schemes are expected to increase by 4.3% to ₹19.4 lakh crore in next fiscal FY24.
Budget 2023: Defence capital outlay enhanced
The government has proposed a budgetary allocation of ₹5.94 lakh crore for the defence ministry.
Budget 2023: Sharp Jump In Capital Outlay For Railways
The enhanced funds are to be deployed in launching new trains and upgradation of existing railway infrastructure.
Budget 2023: Monthly Gross GST Collection On The Rise
The average monthly gross GST collection has increased from ₹0.90 lakh crore in FY18 to ₹1.49 lakh crore in FY23.
Budget 2023
Budget 2023: Expenditure on govt schemes grows 4%
The expenditure on government schemes are expected to increase by 4.3% to ₹19.4 lakh crore in next fiscal FY24.
Budget 2023: Defence capital outlay enhanced
The government has proposed a budgetary allocation of ₹5.94 lakh crore for the defence ministry.
Budget 2023: Sharp Jump In Capital Outlay For Railways
The enhanced funds are to be deployed in launching new trains and upgradation of existing railway infrastructure.
Budget 2023: Monthly Gross GST Collection On The Rise
The average monthly gross GST collection has increased from ₹0.90 lakh crore in FY18 to ₹1.49 lakh crore in FY23.
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