India's Household Leverage and the Covid-19 Crisis Ramifications for the Post-pandemic Recovery Phase
India's Household Leverage and the Covid-19 Crisis Ramifications for the Post-pandemic Recovery Phase
- Mumbai Samiksha Trust Publications April 30 2022
- Vol. LVII, Issue 18, April 30, 2022, Pages 48- 57
The outbreak of the Covid-19 crisis has deepened the recession in the Indian economy and caused a significant leap in household financial savings given their cutbacks in consumption and reduced demand for credit amid rising income uncertainties. This paper analyses trends in credit deployment across different sectors of the economy to illustrate the rising share of household credit concentrated in credit card receivables and other personal loans demonetisation.
Management
Covid-19
Household Leverage
Financial Savings
The outbreak of the Covid-19 crisis has deepened the recession in the Indian economy and caused a significant leap in household financial savings given their cutbacks in consumption and reduced demand for credit amid rising income uncertainties. This paper analyses trends in credit deployment across different sectors of the economy to illustrate the rising share of household credit concentrated in credit card receivables and other personal loans demonetisation.
Management
Covid-19
Household Leverage
Financial Savings