![Household debt warrants close monitoring: RBI](https://images.assettype.com/fortuneindia%2F2022-08%2F0c6815ea-1ba2-4618-9be8-3f6814b235a1%2FCurrency_020A4909_copy.jpg?rect=0,88,2520,1260&w=300&q=95)
Household debt warrants close monitoring: RBI
With overall household savings declining to 18.4% of GDP in 2022-23 from an average of 20% of GDP over 2013-2022, household debt warrants close monitoring, says RBI
With overall household savings declining to 18.4% of GDP in 2022-23 from an average of 20% of GDP over 2013-2022, household debt warrants close monitoring, says RBI
The divergence between affluent and broad-based household demand persists, says UBS.
Households added net financial assets of ₹22.8 lakh crore in 2020-21, nearly ₹17 lakh crore in FY22 and ₹13.8 lakh crore in FY23.
Capital will always be available for quality opportunities, says CII president Sanjiv Bajaj.
Savings and investment rates are on a prolonged downward swing; cheap credit and corporate tax cut have failed to revive investor spirit or regenerate ‘animal spirit’ in the economy
As a result of the Covid-19 crisis, India can become an attractive investment destination, says Jaspal Bindra, executive chairman, Centrum Group.