The net financial wealth of households has reached an all-time high of 115.9 per cent of India's gross domestic product (GDP) in the quarter ended June 2024 (Q1FY25), said Motilal Oswal in a research report on Friday.
Households' gross financial assets have grown at a fast pace since the pandemic while household debt has remained consistent with the pre-pandemic period.
According to the report, household gross financial assets reached a peak of 157.9 per cent of GDP in Q1FY25, surpassing the previous high of 152.9 per cent recorded in Q4FY21. Prior to the pandemic, household financial assets were 123 per cent of GDP.
Meanwhile, household financial liabilities remained stable at 42 per cent of GDP in Q1FY25.
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