Household finances in distress — worsening

Opinion Household finances in distress — worsening Domestic household finances are progressively worsening despite high GDP growth. A Motilal Oswal Financial Services analysis says household debt reached a “new high” of 40% of GDP in Q3 of FY24 – up from 38% of GDP in FY23, and higher than 39.1% in the pandemic FY21. Whether this is sustainable or not is for the RBI to decipher in its next (biannual) Financial Stability Report (FSR) of June 2024. Its last FSR …