PREVIOUS
✖
Household borrowings surge
November 12 , 2025
15 hrs 0 min
8
0
- Indian households are accumulating financial debt faster than building financial assets.
- As per RBI Data, annual financial assets grew 48% between 2019 and 2025.
- During the same period, annual financial liabilities increased by 102%.
- Households added ₹24.1 lakh crore in financial assets in 2019–20, which rose to ₹35.6 lakh crore in 2024–25.
- Financial liabilities grew from ₹7.5 lakh crore in 2019–20 to ₹15.7 lakh crore in 2024–25.
- Financial assets as a share of Gross Domestic Product (GDP) declined from 12% in 2019–20 to 10.8% in 2024–25.
- Financial liabilities as a share of GDP increased from 3.9% to 4.7% during the same period.
- Bank deposits remained the main savings avenue, forming 33.3% of total assets in 2024–25, up from 32% in 2019–20.
- Deposits in commercial banks rose from ₹7.7 lakh crore in 2019–20 to ₹11.8 lakh crore in 2024–25, a growth of 54%.
- Investments in mutual funds surged 655%, from ₹61,686 crore in 2019–20 to ₹4.7 lakh crore in 2024–25.
- The share of mutual funds in total household assets increased from 2.6% to 13.1% over this period.
- The share of currency holdings declined from 11.7% in 2019–20 to 5.9% in 2024–25.
Leave a Reply
Your Comment is awaiting moderation.