HomeNewsOpinionThere’s more to the fall in households’ net savings than meets the eye

There’s more to the fall in households’ net savings than meets the eye

The household sector includes not only family households but also farm households engaged in agriculture and all unincorporated enterprises in industry, trade and services. The informal sector is known to be sizeable though no reliable data on savings or liabilities is available

SA Raghu

October 09, 2023 / 14:11 IST

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The RBI’s credit data reveal that banks’ credit under personal loans grew by Rs 6.5 trillion, while the increase in liabilities as per the savings data was Rs 12.2 trillion

SA Raghu is a columnist who writes on economics, banking and finance. Views are personal and do not represent the stand of this publication

first published: Oct 9, 2023 02:11 pm

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There’s more to the fall in households’ net savings than meets the eye

The household sector includes not only family households but also farm households engaged in agriculture and all unincorporated enterprises in industry, trade and services. The informal sector is known to be sizeable though no reliable data on savings or liabilities is available

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