Credit over caution: Household savings in India fall to 18.1% of GDP

Indian household savings declined for the third year to 18.1% of GDP. Household debt nearly doubled in ten years. Gross domestic savings also witnessed a dip. Rural India shows promise with rising wages and easing inflation. Retail inflation hit a low of 3.2% in April 2025. The Indian economy grew by 6.5% in FY25. Corporate India is controlling costs. Indian household savings declined for the third year to 18.1% of GDP. Household debt nearly doubled in ten years. Gross domestic savings also witnessed a dip. Rural India shows promise with rising wages and easing inflation. Retail inflation hit a low of 3.2% in April 2025. The Indian economy grew by 6.5% in FY25. Corporate India is controlling costs.