Household Debt In India


Financial liabilities of Indian households have gone up sharply from Rs 31,779 crore in FY01 to Rs 2.74 lakh crore in FY12. The decade saw two major trends leading to a sharp rise in consumption expenditure. Home loans have now become popular with no stigma attached any more.The age bar of people opting for home loans has come down from those in mid forties to early thirties.Moreover, the very young have got addicted to credit card spending, leaving them with very little to save. Read more of this post

Some Inflation Figures

wealthymatters.comHere are some inflation figures from the report ‘Higher inflation cost households Rs 5.8 trillion’from CRISIL.They can be plugged into the calculator here:

Hope this helps with your financial planning.

‘The study shows that growth of private consumption expenditure in nominal terms  increased to nearly 17 per cent per year during this period from 14 per cent in  the preceding 3 years mainly due to the rise in food inflation.’

‘The rise in inflation to 8 per cent per year during 2008-09 to 2010-11 from 5  per cent in the preceding 3 years Read more of this post

%d bloggers like this: