 "India’s wealthiest surpasses trillion; household assets soar, driven by equity investments, revealing a shifting financial landscape.")
The wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion, as reported by Fortune India. Additionally, a report from Motilal Oswal reveals that household financial wealth has hit a record high of 115.9% of India’s GDP in the first quarter of FY25. Households have seen their gross financial assets rise ...
 "Household savings decline as borrowing rises, with a dramatic shift from deposits to diverse financial assets in India.")
A recent report by BCG reveals significant shifts in household finances in India over the past decade. While household deposits as a percentage of GDP dropped from 6.1% to 4.1% in 2023, borrowing increased from 3.3% to 5.8%. This trend shows that unsecured lending in India is now comparable to that in the United States. ...
 "Rising Incomes Spark Household Savings Rebound in India’s Economic Landscape")
RBI Deputy Governor Michael Patra addressed the CII Financing Summit, discussing trends in household savings and financial assets in India. He pointed out that net household savings as a percentage of GDP have decreased significantly, partly due to changes in spending behavior and a shift towards physical assets like housing. Despite this decline, household savings ...
