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https://www.ndtv.com/business/household-debt-doubles-in-fy23-savings-more-than-halves-to-5-15-of-gdp-sbi-research-4410375
The net financial savings of households plunged by close to 55 per cent in FY23 to 5.1 per cent of GDP, and their indebtedness more than doubled to Rs 15.6 lakh crore from FY21, primarily led by massive borrowings from banks, shows an analysis of latest offic…
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