Household Savings In India Drop To 18.1 Per Cent Of GDP In FY24: CareEdge Ratings
New Delhi: India’s household savings continued their downward trajectory for the third consecutive year, slipping to 18.1 per cent of GDP in the financial year 2023–24 (FY24), according to CareEdge Ratings. The report added that gross domestic savings declined to 30.7 per cent of GDP in FY24, down from 32.2 per cent in FY15. Meanwhile,…