 "Households saved less in Q2, spent on discretionary items: RBI bulletin")
Financial savings of households, which had risen disproportionately in the April-June quarter of 2020 (Q1) as the economic activity came to a halt, fell back to their usual levels in Q2, official data showed on Friday.
In the quarter when the country was under a lockdown, net financial savings rose to 21 per cent of gross domestic product (GDP), according to the data released in the RBI’s monthly bulletin. In Q2, the net flow was 10.4 per cent of GDP.
Apart from a fall in financial assets, the drop was caused by a rise in liabilities (net savings
In the quarter when the country was under a lockdown, net financial savings rose to 21 per cent of gross domestic product (GDP), according to the data released in the RBI’s monthly bulletin. In Q2, the net flow was 10.4 per cent of GDP.
Apart from a fall in financial assets, the drop was caused by a rise in liabilities (net savings
