As Covid curbed spends, home savings surged to 21% of GDP in Q1

 The Hindu Business Line, 12.11.2020

The propensity of households to save appears to have risen significantly during the pandemic as they have been unable to consume up to their normal levels and have raised their precautionary savings, according to the RBI’s latest monthly bulletin.

Link-https://www.thehindubusinessline.com/money-and-banking/savings-glut-covid-19-pushes-household-financial-savings-to-21-of-gdp-in-q1/article33082372.ece

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