India Economy Watch - Household Financial Savings Up Marginally In Q4 FY21: Motilal Oswal
A vendor holds a bag full of Indian rupee banknotes of various denominations at the Margoa wholesale fish market in Margo, Goa. (Photographer: Dhiraj Singh/Bloomberg)

India Economy Watch - Household Financial Savings Up Marginally In Q4 FY21: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

To improve our understanding of Indian households’ financial position, we have started estimating and publishing quarterly data on household savings.

Household savings in India have two components:

  1. net financial savings

  2. physical savings.

The latter is almost double the former and two-thirds of total household savings.

While the Reserve Bank of India produces quarterly data on household net financial saving, this is done with a lag of five to six months.

Replicating the RBI’s methodology, we produce our own quarterly estimates of household net financial savings with a three to four months’ lag.

Our calculations suggest household net financial savings stood at 8.7% of gross domestic product in Q4 FY21, only marginally higher than 8.5% of GDP in Q3 FY21.

Click on the attachment to read the full report:

Motilal Oswal Ecoscope Household Savings Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.