Credit over caution: Household savings in India fall to 18.1% of GDP; more Indians rely on credit to fund expenses – Times of India

Credit over caution: Household savings in India fall to 18.1% of GDP; more Indians rely on credit to fund expenses – Times of India

India’s household savings have slipped to a new low for the third consecutive year, falling to 18.1% of GDP in FY24, according to a report by CareEdge Ratings.On the other hand, household debt rose to 6.2% of GDP, almost twice as much as ten years ago, showing that more Indians are borrowing to meet their…

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India’s core inflation edged higher in February: Report – The Times of India

India’s core inflation edged higher in February: Report – The Times of India

NEW DELHI: India’s core inflation outlook remains positive despite rising industrial metal prices, a report by ICICI Bank Global Markets revealed.Core inflation remained higher in February, majorly due to a surge in gold prices. Meanwhile, stable global edible oil prices and expectations of a normal monsoon point to a positive outlook for food inflation in…

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