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SBI Research

Household debt doubles in FY23, savings more than halves to 5.15% of GDP

Household debt doubles in FY23, savings more than halves to 5.15% of GDP

The net financial savings of households plunged by close to 55 per cent in FY23 to 5.1 per cent of GDP, and their indebtedness more than doubled to Rs 15.6 lak...
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