Home Tags Household savings
Topic: household savings
Researchers from California, Pennsylvania and Chicago universities surveyed households in Rajasthan, UP, Bihar, Jharkhand, MP, and Maharashtra to also find a drastic fall in monthly income.
Proposed changes divert the borrower away from informal lenders and also show the RBI’s intent of giving the NBFC-MFIs a level-playing field in the financial system.
Incentivising informal sector workers to save is good, but creating separate schemes for different groups divides an already fragmented pensions market.
Large financing needs of infrastructure require long-term financial savings of households to increase but they actually show a steep decline in recent years.
Tax breaks in India have been influential in driving saving into specific products, like insurance and pensions.