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Finance Ministry Allays Fears Over RBI Data On Crash In Cash Savings Of Households menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
"No distress", people investing in other fin products: FinMin on dip in household savings devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
Finance Ministry says no distress, household savings down because people are buying homes, vehicles thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
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. ....
India s finance ministry has addressed concerns about dropping household savings, stating that there is no distress. They explained that household savings relative to nominal GDP have remained constant at around 19.7% in FY22. The ministry also highlighted that overall household savings, including financial, physical, and jewellery assets, have grown at a CAGR of 9.2% between 2013-14 and 2021-22. They added that while financial assets added to portfolios decreased in recent years, the net financial assets of households continue to grow. ....