Household savings fell, debt rose as 1st wave ebbed in Q3

According to the RBI, the trend in deposits exhibits a sequential moderation for the second consecutive quarter driven by weaker flows into household financial assets, which more than offset the moderation in the flow of household financial liabilities. Financial assets as a share of GDP have fallen to 12.7% in the third quarter from 15.8% in the second quarter.

from Markets-Economic Times https://ift.tt/3zQq5rn