© Simply 3 Capital
© Simply 3 Capital
The study of where household are savings reveal a lot about the cycle of development in which a country is positioned. In India we have made some major strides in last five to seven years. A lot of ground is yet to be covered.
The Break Up of Incremental Household Savings- as on March 31 2023
Deposits are 37% of incremental household savings in India ; 18% in Life Insurance ; 22% in PPF and Pension Funds ; 8% in Cash ; 7% in Small Saving Scheme and mere 7% in Equities, MF and Debentures.
Source- ET Wealth
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