Credit score over warning: Family financial savings in India fall to 18.1% of GDP; extra Indians depend on credit score to fund bills
India’s family financial savings have slipped to a brand new low for the third consecutive yr, falling to 18.1% of GDP in FY24, in keeping with a report by CareEdge Scores.Alternatively, family debt rose to six.2% of GDP, nearly twice as a lot as ten years in the past, displaying that extra Indians are borrowing…