INSUBCONTINENT EXCLUSIVE:
Estimate of household financial savings was placed at 8.2 per cent of GDP in third quarter of 2020-21Exhibiting moderation for the second
assets, which more than offset the moderation in the flow of household financial liabilities.The ratio of household (bank) deposits to GDP
and housing finance companies, the flow in household financial liabilities was marginally lower in third quarter of 2020-21, following a
marked decline in borrowings from non-banking financial companies.The household debt to GDP ratio, which is based on select financial
instruments, has been increasing steadily since end-March 2019, RBI noted.It rose sharply to 37.9 per cent at end-December 2020 from 37.1
per cent at end-September 2020.
