Mumbai: Indians saw their savings shrink and bank debt burden rise in the third quarter of the FY21 as the country emerged from the impact of the first wave of the pandemic and economic activity picked up. According to data released by the Reserve Bank of India (RBI), household savings fell to 8.2% of gross domestic product (GDP) in the quarter ended December 2020, down from 10.4% in the preceding quarter. Savings-to-GDP ratio had spiked to a high of 21% in the first quarter of FY21 as Indians held back from spending during the lockdown.
Denne historien er fra June 24, 2021-utgaven av The Times of India Delhi.
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Denne historien er fra June 24, 2021-utgaven av The Times of India Delhi.
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