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.
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The Big Picture: Capex Push, Fiscal Prudence
The Central government stuck to the fiscal consolidation roadmap while announcing one of the biggest hikes in capital expenditure and increase in social spending in Budget 2023.
The Pros and Cons of Compounding
A company compounding its topline growth can be an encouraging sign for an investor that his firm is on a growth trajectory, though that doesn’t necessarily mean it is achieving growth profitably.
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.
Infographics
The Big Picture: Capex Push, Fiscal Prudence
The Central government stuck to the fiscal consolidation roadmap while announcing one of the biggest hikes in capital expenditure and increase in social spending in Budget 2023.
The Pros and Cons of Compounding
A company compounding its topline growth can be an encouraging sign for an investor that his firm is on a growth trajectory, though that doesn’t necessarily mean it is achieving growth profitably.
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.
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