The last data compilation of the Ministry of Statistics reveals an important change in the financial behavior of the home. Between fiscal year 2019-20 and fiscal year 23-24, cash holdings decreased, while investment in shares has almost tripled. In the same period, the advances in banks have increased three times.
Although national accounts-2025 statistics, prepared by the Ministry of Statistics, do not explicitly explain the thesis in the ‘financial assets and liabilities of the domestic sector’, it is likely that the recovery of the demand after COVID, the back of the banks. Simultaneusly, the bullish market and a record number of OPI probably fed a greater investment in the stock market.
The data highlights a substantial increase of 284 percent in bank advances. Despite the absence of crime figures in the report, a statement from the Ministry of Finance indicated a significant reduction in the gross assets not made (NPA) to ₹ 4.75 Lakh Crore at the end of the FY23-24, below ₹ 10.36 Lakh Crore. This decrease reflects the positive impact of measures such as insolvency and bankruptcy code (IBC), amendments to the Sarfaesi Law and the prudential framework for the resolution of stressed assets.
They go to digital
During the same five -year period, house holdings decreased by more than 58 percent, while deposits with banks and NBFC increased by 57 percent. This change can be attributed partly to the increase in digital transactions. A presentation of the Department of Financial Services and the National Corporation of Payments of India (NPCI) showed that digital payments accounted for 80 percent of retail payments in fiscal year 23-24, with a total volume of exhaustive transactions of 13,1 billion rupees and value paying ₹ 200 Lakh. The ease of use and the UPI expansion network has made it the preferred real -time payment method for millions.
The data of the Ministry of Statistics also reveal a 191 percent increase in domestic investment in capital and obligations (including mutual funds). The 2024-25 economic survey attributed this growth to strong macroconomic foundations, healthy corporate profits, institutional support investment, solid SIP tickets and greater formalization, digitalization and accessibility.
The survey also observed the list of listing and the enthusiasm of investors in the duration of primary markets for fiscal year 2015, despite market volatility and geopolitical uncertainties.
The participation of India in OPI’s global lists increased significantly to 30 percent by 2024 of 17 percent in 2023, which makes it the main taxpayer to the mobilization of primary resources worldwide. The total mobilization of resources of the primary markets (capital and debt) reached ₹ 11.1 Lakh Crore between April and December 2024, 5 percent more compared to the entire fiscal year 2014. An NSE report indicated a substantial increase in the number of investors to the axis of 13.2 million rupees or December 31, 2024, from 4.9 million rupees in the 2010 fiscal year.
Posted on May 18, 2025
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