Households investing in financial assets; no red flags in small loan default data: CEA
"Financial assets of the households are not marked to market. So households are doing well in the aggregate," CEA said.
"Financial assets of the households are not marked to market. So households are doing well in the aggregate," CEA said.
Indian households mainly invested in bank deposits, provident and pension funds, and life insurance funds.
Two third of the respondents intend to spend money during this festival season, with half of them willing to spend over ₹10,000 on festival purchases, as per the LocalCircles survey.