Household savings in India drop to 18.1% of GDP in FY24: CareEdge Ratings

CareEdge Ratings reveals a concerning trend as India's household savings decline for the third year to 18.1% of GDP in FY24, while financial liabilities surge. Rural India offers a positive outlook with rising wage growth and recovering demand, contrasting with pessimistic urban consumer confidence. CPI inflation eases, and expectations of RBI policy rate cuts are anticipated to boost demand recovery.