RBI Data on Household Debt and Asset Growth:
Recent RBI data (2024–25) reveal that Indian households are accumulating debt faster than assets, with annual liabilities rising 102% since 2019–20, outpacing the 48% growth in financial assets.
- The Reserve Bank of India’s financial accounts data track how Indian households build assets and accumulate liabilities annually, offering insights into savings, investment behaviour, and economic resilience.
- Annual household financial assets rose from ₹24.1 lakh crore (2019–20) to ₹35.6 lakh crore (2024–25) — a 48% increase.
- Annual financial liabilities more than doubled from ₹7.5 lakh crore to ₹15.7 lakh crore, marking a 102% rise.
- Financial asset formation declined from 12% to 10.8% of GDP, while liabilities rose from 3.9% to 4.7%.
- Households are diversifying—bank deposits remain dominant, but mutual funds and market-linked instruments are gaining traction.
- Household debt peaked at 6.2% of GDP in 2023–24, slightly easing in 2024–25, suggesting gradual financial stabilization.
