Page 2 - Household Savings

55% of retail credit used for housing, education, car buys in last 2 years

A low-interest rate regime in India during the pandemic resulted in a "paradigm shift" of households' savings from financial to physical assets.

'No distress', people investing in other fin products, says FinMin

The finance ministry on Thursday dismissed the criticism over the impact of declining household savings on the economy, saying people are investing in different financial products and "there is no distress". The statement posted on X by the ministry brushed aside critical voices raised with regard to the decadal fall in household savings and its overall effect on the economy. "Lately, critical voices have been raised w.r.t. to household savings and its overall effect on the economy. However, data indicates that changing consumer preference for different financial products is the real reason for the household savings and there is no distress as is being circulated in some circles," it said. Net household savings declined to a 47-year low of 5.1 per cent of gross domestic product in FY23 as compared to 7.2 per cent recorded in the previous year, as per the data released by the Reserve Bank in its latest monthly bulletin. At the same time, annual financial liabilities of households ro

Household savings fall to decades low, borrowing rises: RBI data

Annual financial liabilities of households increases by 5.8% of GDP

Budget and the growth process

The government's command over household savings needs to be reduced for stimulating demand and private credit

Mutual funds' share in household savings jump 150% in FY22: RBI data

Retail investments in MF rise as flows into bank deposits drop

BS Number Wise: India's savings don't help govt build a social safety net

India needs the other kind of saving now

Consumer sentiments improve

The improvement in sentiments during the early months of 2022 essentially reflects an increase in the proportion of households that believe that their current household incomes are better than they we

LIC largest holder of G-secs, equities, household savings: Report

The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities

A penny saved, a penny earned and other insights into the art of budgeting

Budgeting tips: Start with some kind of allocation of your periodical expenses, even if it's very rudimentary. You can adopt a more sophisticated approach later

Japan households' inflation expectations rise: BOJ survey shows

The survey, which was conducted between Nov. 5 and Dec. 1, also showed more households expect prices to rise five years from now compared with the previous survey in September.

Japan's Nov household spending extends declines in sign of weak sentiment

Household spending fell 1.3% in November from a year earlier, government data showed, much weaker than the market forecast of a 1.6% gain in a Reuters poll.

Households have not recovered

Economic growth is supposed to deliver on these counts and not just on tax collections or freight movement or foreign trade

German household consumption down by 3% in 2020 due to Covid

German households lowered their monthly consumption expenditure in 2020 by three per cent as the Covid-19 pandemic "markedly affected" private spending, the Federal Statistical Office said

Household incomes better, caution prevails

Change in household income is one of the five components of the Index of Consumer Sentiments

Income of 97% household has decreased, says Priyanka Gandhi

Congress General Secretary Priyanka Gandhi on Friday launched a scathing attack on the Centre over the issue of inflation, saying the income of 97 per cent household has declined.

Households cautiously optimistic

The index of consumer sentiments scaled up by a handsome 7.9 per cent in September

79% believe household earnings will dip in FY22 as against FY21: Survey

76% want Centre to cut excise duty on petrol and diesel as high fuel prices hit family budgets, says a Localcircles survey

Best of BS Opinion: India's data deficiency, question of compliance & more

Here are the best of Business Standard's opinion pieces for Wednesday

India's data deficiency

Govt should collect and release timely economic data

Household savings slide in third quarter amid Covid-19 pandemic cloud

The ratio of household (bank) deposits to GDP declined to 3 per cent in the third quarter from 7.7 per cent in the previous quarter