Decline in Liabilities Drives Up India’s Net Household Savings, Reports RBI
According to the apex bank, net household financial savings climbed to 7 percent of the Gross National Disposable Income (GNDI) in FY25, up from 5.8 percent recorded in the previous fiscal year. This upward trajectory was primarily driven by a sharp contraction in household borrowing. Financial liabilities plummeted to 4.8 percent of GNDI from a…
