Indians saved additional $200 billion during Covid pandemic and lockdowns

“The slowdown in spending by Indian households (HH) through the lockdowns has resulted in US$200bn 'extra' net savings in financial assets-and as a percentage of GDP closet of the peak seen post-GFC (and still growing),” UBS financial savings and wealth tracker research data showed.

from Personal Finance News-Wealth-Economic Times https://ift.tt/360uWZQ