India Financial
Savings in Shares, Insurance Rose..!
The central government’s
decision to demonetise Rs. 500 and Rs. 1,000 notes on November 8, 2016 seems to
have increased inflows into the financial sector, like insurance products and
shares.
The Reserve Bank of
India’s (RBI) Annual Report shows that the contribution of insurance funds in
household financial savings reached a six-year high of 2.9% of the Gross
National Disposable Income (GNDI) in 2016-17.
Net financial saving was
up from 7.8% to 8.1%.
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