Sensex
73,895.74 profit arw 315.20 (0.43%)
Nifty
23,140.50 profit arw 77.40 (0.34%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Enter a 10 digit mobile number starting with 7, 8, or 9
Captcha verification code, enter the characters shown below

As on : 05-Aug-2026
Economy - Reports
05-Aug-2026     19:54

Higher incomes drive a rise in household savings

Household savings as a proportion of India’s GDP increased to 21.7% in 2024-25 from 20% in 2022-23, indicating improved household financial resilience supported by higher incomes and policy measures, the government told Parliament on Tuesday.

In a written response to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary stated that total household savings, including physical assets, grew from Rs 52.25 lakh crore in 2022-23 to Rs 69.01 lakh crore in 2024-25. The figures are based on the revised GDP series introduced by the Ministry of Statistics and Programme Implementation, with 2022-23 as the base year.

INDIAN INDICES

Sensex

73,895.74 315.20 (0.43%)

Nifty

23,140.50 77.40 (0.34%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

24,507.16 -253.98(-1.03%)