Thursday, July 31, 2025

Creating liberating content

Pityush Goyal (File photo) NEW DELHI: Amid Donald Trump’s offensive,

Representational image (Agencies) MUMBAI: Nuvama Wealth Management said on Thursday

The Trump administration has sanctioned six Indian companies for their

MUMBAI: HUL reported a 4% year-on-year rise in total sales

Related News

Pityush Goyal (File photo) NEW DELHI: Amid Donald Trump’s offensive, the government on Thursday dug its heels in on trade, saying it will not compromise on the interests of farmers.Commerce

Representational image (Agencies) MUMBAI: Nuvama Wealth Management said on Thursday that an I-T department survey is ongoing at its registered office, and the company is cooperating with authorities. Business operations

The Trump administration has sanctioned six Indian companies for their “significant” sales and purchases of Iranian-origin petrochemical products.“The Iranian regime continues to fuel conflict in Middle East to fund its

MUMBAI: HUL reported a 4% year-on-year rise in total sales to Rs 15,747 crore on a standalone basis in the June quarter, improving its pace of growth which had been

MUMBAI: In an unusual turn, Indian banks extended more credit for automobile purchases than for housing in the first quarter of FY26, highlighting a shift in consumer demand and lending

MUMBAI: Markets regulator Sebi has proposed an overhaul of large IPOs (over Rs 5,000 crore), reducing the retail investor quota from 35% to 25% and raising institutional investor allocation to

Trending News

Pityush Goyal (File photo) NEW DELHI: Amid Donald Trump’s offensive, the government on Thursday dug its heels in on trade, saying it will not compromise on the interests of farmers.Commerce

The Trump administration has sanctioned six Indian companies for their “significant” sales and purchases of Iranian-origin petrochemical products.“The Iranian regime continues to fuel conflict in Middle East to fund its

MUMBAI: In an unusual turn, Indian banks extended more credit for automobile purchases than for housing in the first quarter of FY26, highlighting a shift in consumer demand and lending

NEW DELHI: Google has proposed opening up the Play Store in India to a wider set of real-money gaming (RMG) apps in response to an ongoing probe by the Competition

NEW DELHI: Despite pressure from the US, govt has dismissed reports that it has asked refiners to stop purchasing Russian crude, which has emerged as the top source of petroleum

Jaguar Land Rover CEO Adrian Mardell is leaving the Tata Motors-owned carmaker, as it grapples with higher US tariffs and a controversial makeover of the Jaguar brand. “Mardell has expressed

Credit over caution: Household savings in India fall to 18.1% of GDP; more Indians rely on credit to fund expenses

Word Count: 670 | Estimated Reading Time: 4 minutes


Credit over caution: Household savings in India fall to 18.1% of GDP; more Indians rely on credit to fund expenses

India’s household savings have slipped to a new low for the third consecutive year, falling to 18.1% of GDP in FY24, according to a report by CareEdge Ratings.On the other hand, household debt rose to 6.2% of GDP, almost twice as much as ten years ago, showing that more Indians are borrowing to meet their everyday needs, the report said.The report also pointed to a wider dip in gross domestic savings, which dropped to 30.7% of GDP in FY24, down from 32.2% in FY15. Despite the worrying decline in savings, the report notes a more promising outlook in rural India. Wage growth for rural male workers rose 6.1% year-on-year in February, marking the fourth straight month that earnings outpaced rural inflation. Easing food inflation and healthy agricultural prospects are also helping boost rural consumption.“Going ahead, RBI policy rate cuts, lower tax burden and continued easing of price pressures remain key tailwinds for the broad-based demand recovery,” CareEdge said in the report.Rural consumer confidence is showing cautious optimism, holding steady near the neutral 100 mark. Meanwhile, urban consumer sentiment remains subdued, although expectations for the year ahead remain hopeful across both rural and urban households.The report also highlighted a broader trend of cost control in corporate India. Labour cost growth in major IT firms, for instance, has dropped from a high of 26% in Q3 FY23 to just 4% in Q3 FY25, pointing to continued efforts at cost rationalisation.On the inflation front, there’s more good news. India’s retail inflation, measured by the Consumer Price Index (CPI), fell to 3.2% in April 2025, the lowest since August 2019. However, prices of essentials such as edible oils (up 17.4%) and fruits (up 13.8%) remain stubbornly high. A strong Rabi harvest, healthy water reservoir levels, and forecasts of an above-normal monsoon are expected to help stabilise food prices further.As per government data, the Indian economy grew by 6.5% in real terms in FY25, signalling resilience despite pressures on household balance sheets.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account