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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

Topics
Household savings | savings | RBI

Anup Roy & Krishna Kant  |  Mumbai 



savings, investment, tax, insurance, policy, Mutual fund, MF
It is interesting to note that at the end of Q3, the currency with the public also grew sharply at 22.7 per cent

Household financial moderated in the third quarter (Q3) of 2020-21 (FY21) for the second consecutive quarter, driven by a significant weakening in household financial assets, which more than offset the moderation in household financial liabilities.

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First Published: Wed, June 23 2021. 12:54 IST

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