This text was written by Anupam Prakash, Suraj S, Ishu Thakur and Mousumi Priyadarshini, all officers from the nation reserve bank of indiaDivision of Financial and Coverage Analysis.
“accumulation monetary assets Web monetary wealth surged within the 2020-21 fiscal 12 months because of liquidity and spending restrictions and slowed debt progress brought on by the epidemic; thereafter, as family consumption returned to regular, web monetary wealth confirmed a sure diploma of normalization,” the article identified.
As of end-March 2023, family monetary property accounted for 135.0% of GDP and monetary liabilities accounted for 37.8% of GDP; subsequently, their web monetary wealth accounted for 97.2% of GDP, it stated.
The surge in monetary property in the course of the Covid-19 pandemic resulted in a 12.6 share level enhance in web monetary wealth between the top of March 2020 and the top of March 2023.
“Listed equity wealth Family fairness rose to a peak of 19.4% of GDP as of the top of December 2021, earlier than falling to 14.9% of GDP as of the top of March 2023. It stated that though family leverage elevated, the debt-to-financial asset ratio remained steady.
The views expressed within the article are these of the writer and don’t signify the views of the Reserve Financial institution of India, the central financial institution stated.
