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Household savings on rebound
The New Indian Express
|September 04, 2024
Robust domestic savings to drive economic growth, says RBI deputy governor Michael Patra
AFTER sharply declining during the pandemic, India's household savings are rebounding on the back of rising income levels, according to the Reserve Bank of India (RBI).
Speaking at an event in Mumbai on Tuesday, RBI deputy governor Michael Debabrata Patra said that the rebound process has already begun, noting that households' financial assets have increased from 10.6% of GDP during 2011-17 to 11.5% during 2017-23. And there is room to grow further because the level was 15% of GDP during the early 2000s till the global financial crisis.
Bu hikaye The New Indian Express dergisinin September 04, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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