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What is the current trend in household savings in India post-pandemic?
  • a)
    Household savings have significantly increased compared to pre-pandemic levels.
  • b)
    There has been a shift towards physical assets like housing from financial savings.
  • c)
    Household savings have remained stagnant with no noticeable changes.
  • d)
    Indian households have completely stopped saving post-pandemic.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the current trend in household savings in India post-pandemic...
The current trend in household savings in India post-pandemic indicates a shift towards physical assets like housing from financial savings. This change is attributed to the unwinding of pandemic-era cautious savings, with households now focusing on restoring their financial savings buoyed by rising incomes following the decline during the COVID-19 pandemic. This shift has implications for the broader economy and financial system, as highlighted by the Reserve Bank of India Deputy Governor at the Financing 3.0 Summit of the Confederation of Indian Industry (CII).
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What is the current trend in household savings in India post-pandemic?a)Household savings have significantly increased compared to pre-pandemic levels.b)There has been a shift towards physical assets like housing from financial savings.c)Household savings have remained stagnant with no noticeable changes.d)Indian households have completely stopped saving post-pandemic.Correct answer is option 'B'. Can you explain this answer?
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