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No distress , people investing in other fin products: FinMin on dip in household savings

No distress , people investing in other fin products: FinMin on dip in household savings
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Finance Ministry says no distress, household savings down because people are buying homes, vehicles

Finance Ministry says no distress, household savings down because people are buying homes, vehicles
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No distress , people investing in other fin products: Finance Ministry on dip in household savings | Business News

Net household savings declined to a 47-year low of 5.1 per cent of gross domestic product in FY23 as compared to 7.2 per cent recorded in the previous year, as per the data released by the Reserve Bank in its latest monthly bulletin.

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Finance Ministry allays fears over RBI data on crash in cash savings of households

The Finance Ministry on Thursday dismissed fears about household savings in the country falling to a multi-decade low amid rising debt as a reflection of distress in the economy.The ministry issued a statement on X saying that households are .

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Household sector not in distress; people buying vehicles, homes on mortgages: Finance Ministry

Household sector not in distress; people buying vehicles, homes on mortgages: Finance Ministry
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