 "Rising Incomes Spark Household Savings Rebound in India’s Economic Landscape")
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 ...
