BQ Prime’s special research section brings together in-depth and quality research reports on stocks and the economy from India’s top brokers, asset managers and research agencies. These reports offer BQ Prime subscribers the opportunity to broaden their understanding of companies, sectors and the economy.
According to the Reserve Bank of India, gross household financial savings in India hit a five-year low of 10.8% of gross domestic product in FY22, from a 14-year high of 16% of the GDP in fiscal year 21.
By contrast, household financial liabilities hit an 18-year low last year at 2.5% of GDP, down from around 4% of GDP each in the previous four years.
As a result, household net financial savings fell to 8.3% of GDP in FY22 from a near record high of 12% of GDP (it was 12.1% of GDP in FY22). FY10) in FY21 and slightly above the average of around 8% of GDP in the previous five years.
Click on the attachment to read the full report:
This report is written by an external party. BQ Prime does not guarantee the accuracy of its content and is in no way responsible for it. The content of this section does not constitute investment advice. For this, you should always consult an expert based on your individual needs. The opinions expressed in the report are those of the authoring entity and do not represent the opinions of BQ Prime.
Users have no license to copy, modify or distribute the content without the permission of the original owner.