Household savings up sharply

AFTER PLUNGING TO a half-century low in FY23 on account of the pandemicinduced income crunch, net financial assets of Indian households recovered smartly in the subsequent two years, data from the Reserve Bank of India (RBI) released on Monday showed.

- SAIKAT NEOGI

WITH STRONGER ECONOMIC growth incomes, households seemed to have pared their record high indebtedness rather swiftly, while also channeling more monies into the equity market, hoping for high returns.