Household savings rise to 21.7% of GDP in FY25
Household savings in India rose to 21.7% of GDP for the fiscal year 2024-25, up from 20% in FY23, according to Minister of State for Finance Pankaj Chaudhary. This increase, amounting to ₹69.01 lakh crore, is attributed to government and Reserve Bank of India measures aimed at boosting incomes and financial security. Enhanced disposable incomes due to tax exemptions and regulatory changes in consumer credit have also contributed to this growth.