Question

In FY23, India's net household financial savings declined to what percentage of the Gross Domestic Product (GDP)?

A 3.5% Correct Answer Incorrect Answer
B 4.8% Correct Answer Incorrect Answer
C 5.1% Correct Answer Incorrect Answer
D 6.3% Correct Answer Incorrect Answer
E 7.5% Correct Answer Incorrect Answer

Solution

India's net household financial savings declined to 5.1% of the GDP in FY23, down from 7.1% in FY20-21, according to data from the Reserve Bank of India (RBI).

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