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Savings hit 50-year low
As per RBI data, household debt stood at 37.6% of India’s GDP, as opposed to constituting 36.9% of the country’s GDP in FY 22
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Needed innovative long-term savings instruments
Rising domestic savings can be beneficial to the economy provided the funds can be channelised into long-term projects such as infrastructure and indu
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Money9 Edit | The rise of savings: Now don’t let your money sit idle
Invest to build an emergency fund and switch from mere savings to investment.
