Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/how-covid-19-hurt-household-savings-in-india-shoaib-daniyal/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/how-covid-19-hurt-household-savings-in-india-shoaib-daniyal/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/how-covid-19-hurt-household-savings-in-india-shoaib-daniyal/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/how-covid-19-hurt-household-savings-in-india-shoaib-daniyal/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edad100775a-trace').style.display = (document.getElementById('cakeErr67edad100775a-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67edad100775a-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edad100775a-code').style.display = (document.getElementById('cakeErr67edad100775a-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edad100775a-context').style.display = (document.getElementById('cakeErr67edad100775a-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67edad100775a-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67edad100775a-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 59852,
		&#039;title&#039; =&gt; &#039;How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;,
		&#039;subheading&#039; =&gt; null,
		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Scroll.in, 27Jun, 2021, https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;how-covid-19-hurt-household-savings-in-india-shoaib-daniyal&#039;,
		&#039;meta_title&#039; =&gt; &#039;&#039;,
		&#039;meta_keywords&#039; =&gt; &#039;&#039;,
		&#039;meta_description&#039; =&gt; &#039;&#039;,
		&#039;noindex&#039; =&gt; (int) 1,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; null,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 59852,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Reserve Bank of India,RBI,Net Financial Assets,Liabilities,Mutual funds,Term deposits,Fixed deposits,Middle class,BPL&#039;,
	&#039;metaDesc&#039; =&gt; &#039;-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot; title=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 59852,
	&#039;title&#039; =&gt; &#039;How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;,
	&#039;subheading&#039; =&gt; null,
	&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Scroll.in, 27Jun, 2021, https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;how-covid-19-hurt-household-savings-in-india-shoaib-daniyal&#039;,
	&#039;meta_title&#039; =&gt; &#039;&#039;,
	&#039;meta_keywords&#039; =&gt; &#039;&#039;,
	&#039;meta_description&#039; =&gt; &#039;&#039;,
	&#039;noindex&#039; =&gt; (int) 1,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; null,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {},
		(int) 7 =&gt; object(Cake\ORM\Entity) {},
		(int) 8 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 59852
$metaTitle = &#039;LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;
$metaKeywords = &#039;Reserve Bank of India,RBI,Net Financial Assets,Liabilities,Mutual funds,Term deposits,Fixed deposits,Middle class,BPL&#039;
$metaDesc = &#039;-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot; title=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/how-covid-19-hurt-household-savings-in-india-shoaib-daniyal.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal | Im4change.org</title>
    <meta name="description" content="-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>How Covid-19 hurt household savings in India -Shoaib Daniyal</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>A drop in household savings has caused concern about economic recovery in the country.</em></p><p style="text-align:justify">On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.</p><p style="text-align:justify">The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.</p><p style="text-align:justify"><em>Net financial assets have dropped</em></p><p style="text-align:justify">The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.</p><p style="text-align:justify">Net assets therefore are total assets minus liabilities. Note that &ldquo;household&rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.</p><p style="text-align:justify">From the first quarter of 2020-&rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.</p><p style="text-align:justify">Please <a href="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8" title="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8">click here</a> to read more.&nbsp;</p>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edad100775a-trace').style.display = (document.getElementById('cakeErr67edad100775a-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67edad100775a-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edad100775a-code').style.display = (document.getElementById('cakeErr67edad100775a-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edad100775a-context').style.display = (document.getElementById('cakeErr67edad100775a-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67edad100775a-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67edad100775a-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 59852,
		&#039;title&#039; =&gt; &#039;How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;,
		&#039;subheading&#039; =&gt; null,
		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Scroll.in, 27Jun, 2021, https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;how-covid-19-hurt-household-savings-in-india-shoaib-daniyal&#039;,
		&#039;meta_title&#039; =&gt; &#039;&#039;,
		&#039;meta_keywords&#039; =&gt; &#039;&#039;,
		&#039;meta_description&#039; =&gt; &#039;&#039;,
		&#039;noindex&#039; =&gt; (int) 1,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; null,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 59852,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Reserve Bank of India,RBI,Net Financial Assets,Liabilities,Mutual funds,Term deposits,Fixed deposits,Middle class,BPL&#039;,
	&#039;metaDesc&#039; =&gt; &#039;-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot; title=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 59852,
	&#039;title&#039; =&gt; &#039;How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;,
	&#039;subheading&#039; =&gt; null,
	&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Scroll.in, 27Jun, 2021, https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;how-covid-19-hurt-household-savings-in-india-shoaib-daniyal&#039;,
	&#039;meta_title&#039; =&gt; &#039;&#039;,
	&#039;meta_keywords&#039; =&gt; &#039;&#039;,
	&#039;meta_description&#039; =&gt; &#039;&#039;,
	&#039;noindex&#039; =&gt; (int) 1,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; null,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {},
		(int) 7 =&gt; object(Cake\ORM\Entity) {},
		(int) 8 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 59852
$metaTitle = &#039;LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;
$metaKeywords = &#039;Reserve Bank of India,RBI,Net Financial Assets,Liabilities,Mutual funds,Term deposits,Fixed deposits,Middle class,BPL&#039;
$metaDesc = &#039;-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot; title=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/how-covid-19-hurt-household-savings-in-india-shoaib-daniyal.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal | Im4change.org</title>
    <meta name="description" content="-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>How Covid-19 hurt household savings in India -Shoaib Daniyal</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>A drop in household savings has caused concern about economic recovery in the country.</em></p><p style="text-align:justify">On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.</p><p style="text-align:justify">The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.</p><p style="text-align:justify"><em>Net financial assets have dropped</em></p><p style="text-align:justify">The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.</p><p style="text-align:justify">Net assets therefore are total assets minus liabilities. Note that &ldquo;household&rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.</p><p style="text-align:justify">From the first quarter of 2020-&rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.</p><p style="text-align:justify">Please <a href="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8" title="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8">click here</a> to read more.&nbsp;</p>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edad100775a-trace').style.display = (document.getElementById('cakeErr67edad100775a-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67edad100775a-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edad100775a-code').style.display = (document.getElementById('cakeErr67edad100775a-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67edad100775a-context').style.display = (document.getElementById('cakeErr67edad100775a-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67edad100775a-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67edad100775a-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 59852,
		&#039;title&#039; =&gt; &#039;How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;,
		&#039;subheading&#039; =&gt; null,
		&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Scroll.in, 27Jun, 2021, https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;how-covid-19-hurt-household-savings-in-india-shoaib-daniyal&#039;,
		&#039;meta_title&#039; =&gt; &#039;&#039;,
		&#039;meta_keywords&#039; =&gt; &#039;&#039;,
		&#039;meta_description&#039; =&gt; &#039;&#039;,
		&#039;noindex&#039; =&gt; (int) 1,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; null,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 59852,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Reserve Bank of India,RBI,Net Financial Assets,Liabilities,Mutual funds,Term deposits,Fixed deposits,Middle class,BPL&#039;,
	&#039;metaDesc&#039; =&gt; &#039;-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot; title=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 59852,
	&#039;title&#039; =&gt; &#039;How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;,
	&#039;subheading&#039; =&gt; null,
	&#039;description&#039; =&gt; &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;
&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Scroll.in, 27Jun, 2021, https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;how-covid-19-hurt-household-savings-in-india-shoaib-daniyal&#039;,
	&#039;meta_title&#039; =&gt; &#039;&#039;,
	&#039;meta_keywords&#039; =&gt; &#039;&#039;,
	&#039;meta_description&#039; =&gt; &#039;&#039;,
	&#039;noindex&#039; =&gt; (int) 1,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; null,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {},
		(int) 7 =&gt; object(Cake\ORM\Entity) {},
		(int) 8 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 59852
$metaTitle = &#039;LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal&#039;
$metaKeywords = &#039;Reserve Bank of India,RBI,Net Financial Assets,Liabilities,Mutual funds,Term deposits,Fixed deposits,Middle class,BPL&#039;
$metaDesc = &#039;-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the...&#039;
$disp = &#039;&lt;p style=&quot;text-align:justify&quot;&gt;-Scroll.in&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;A drop in household savings has caused concern about economic recovery in the country.&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&amp;rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&amp;rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;Net financial assets have dropped&lt;/em&gt;&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Net assets therefore are total assets minus liabilities. Note that &amp;ldquo;household&amp;rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;From the first quarter of 2020-&amp;rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&amp;rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.&lt;/p&gt;&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot; title=&quot;https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8&quot;&gt;click here&lt;/a&gt; to read more.&amp;nbsp;&lt;/p&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/how-covid-19-hurt-household-savings-in-india-shoaib-daniyal.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal | Im4change.org</title>
    <meta name="description" content="-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>How Covid-19 hurt household savings in India -Shoaib Daniyal</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>A drop in household savings has caused concern about economic recovery in the country.</em></p><p style="text-align:justify">On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.</p><p style="text-align:justify">The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.</p><p style="text-align:justify"><em>Net financial assets have dropped</em></p><p style="text-align:justify">The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.</p><p style="text-align:justify">Net assets therefore are total assets minus liabilities. Note that &ldquo;household&rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.</p><p style="text-align:justify">From the first quarter of 2020-&rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.</p><p style="text-align:justify">Please <a href="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8" title="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8">click here</a> to read more.&nbsp;</p>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 59852,
		'title' => 'How Covid-19 hurt household savings in India -Shoaib Daniyal',
		'subheading' => null,
		'description' => '<p style="text-align:justify">-Scroll.in</p>

<p style="text-align:justify"><em>A drop in household savings has caused concern about economic recovery in the country.</em></p>

<p style="text-align:justify">On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.</p>

<p style="text-align:justify">The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.</p>

<p style="text-align:justify"><em>Net financial assets have dropped</em></p>

<p style="text-align:justify">The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.</p>

<p style="text-align:justify">Net assets therefore are total assets minus liabilities. Note that &ldquo;household&rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.</p>

<p style="text-align:justify">From the first quarter of 2020-&rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.</p>

<p style="text-align:justify">Please <a href="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8">click here</a> to read more.&nbsp;</p>
',
		'credit_writer' => 'Scroll.in, 27Jun, 2021, https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'how-covid-19-hurt-household-savings-in-india-shoaib-daniyal',
		'meta_title' => '',
		'meta_keywords' => '',
		'meta_description' => '',
		'noindex' => (int) 1,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => null,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 59852,
	'metaTitle' => 'LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal',
	'metaKeywords' => 'Reserve Bank of India,RBI,Net Financial Assets,Liabilities,Mutual funds,Term deposits,Fixed deposits,Middle class,BPL',
	'metaDesc' => '-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the...',
	'disp' => '<p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>A drop in household savings has caused concern about economic recovery in the country.</em></p><p style="text-align:justify">On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.</p><p style="text-align:justify">The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.</p><p style="text-align:justify"><em>Net financial assets have dropped</em></p><p style="text-align:justify">The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.</p><p style="text-align:justify">Net assets therefore are total assets minus liabilities. Note that &ldquo;household&rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.</p><p style="text-align:justify">From the first quarter of 2020-&rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.</p><p style="text-align:justify">Please <a href="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8" title="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8">click here</a> to read more.&nbsp;</p>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 59852,
	'title' => 'How Covid-19 hurt household savings in India -Shoaib Daniyal',
	'subheading' => null,
	'description' => '<p style="text-align:justify">-Scroll.in</p>

<p style="text-align:justify"><em>A drop in household savings has caused concern about economic recovery in the country.</em></p>

<p style="text-align:justify">On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.</p>

<p style="text-align:justify">The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.</p>

<p style="text-align:justify"><em>Net financial assets have dropped</em></p>

<p style="text-align:justify">The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.</p>

<p style="text-align:justify">Net assets therefore are total assets minus liabilities. Note that &ldquo;household&rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.</p>

<p style="text-align:justify">From the first quarter of 2020-&rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.</p>

<p style="text-align:justify">Please <a href="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8">click here</a> to read more.&nbsp;</p>
',
	'credit_writer' => 'Scroll.in, 27Jun, 2021, https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'how-covid-19-hurt-household-savings-in-india-shoaib-daniyal',
	'meta_title' => '',
	'meta_keywords' => '',
	'meta_description' => '',
	'noindex' => (int) 1,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => null,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {},
		(int) 5 => object(Cake\ORM\Entity) {},
		(int) 6 => object(Cake\ORM\Entity) {},
		(int) 7 => object(Cake\ORM\Entity) {},
		(int) 8 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 59852
$metaTitle = 'LATEST NEWS UPDATES | How Covid-19 hurt household savings in India -Shoaib Daniyal'
$metaKeywords = 'Reserve Bank of India,RBI,Net Financial Assets,Liabilities,Mutual funds,Term deposits,Fixed deposits,Middle class,BPL'
$metaDesc = '-Scroll.in

A drop in household savings has caused concern about economic recovery in the country.

On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the...'
$disp = '<p style="text-align:justify">-Scroll.in</p><p style="text-align:justify"><em>A drop in household savings has caused concern about economic recovery in the country.</em></p><p style="text-align:justify">On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-&rsquo;21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused.</p><p style="text-align:justify">The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India&rsquo;s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment.</p><p style="text-align:justify"><em>Net financial assets have dropped</em></p><p style="text-align:justify">The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken.</p><p style="text-align:justify">Net assets therefore are total assets minus liabilities. Note that &ldquo;household&rdquo; here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data.</p><p style="text-align:justify">From the first quarter of 2020-&rsquo;21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India&rsquo;s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%.</p><p style="text-align:justify">Please <a href="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8" title="https://scroll.in/article/998546/how-covid-19-hurt-household-savings-in-india?fbclid=IwAR2v6HzbxLyuSgdGA34m0wO-3529EYP3Oz4P2upcr2YirjP8dOd5K7qfrJ8">click here</a> to read more.&nbsp;</p>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

How Covid-19 hurt household savings in India -Shoaib Daniyal

-Scroll.in A drop in household savings has caused concern about economic recovery in the country. On Wednesday, the Reserve Bank of India released data on household savings for the third quarter of 2020-’21. This covered the October-December 2020 period, which means the data captured the aftermath of first Covid-19 wave in India and the economic disruptions that containment measures such as lockdowns caused. The numbers are disappointing with a sharp dip in the net financial assets of households. Not only does this point to the economic hit the Indian middle class has taken but it is also bad news for India’s post-Covid economic recovery, given that it might mean reduced spending as well as a lower corpus available for investment. Net financial assets have dropped The RBI tracks both household assets and liabilities. Assets include items such as bank deposits, provident funds and mutual funds investments, among others. Liabilities, on the other hand, are loans that a household has taken. Net assets therefore are total assets minus liabilities. Note that “household” here refers also to unregistered businesses whose assets and liabilities are not counted as part of private corporate data. From the first quarter of 2020-’21 (April-June) to the third quarter (October-December), net financial assets dropped from 21% of India’s gross domestic product to just 8.2% after two consecutive quarters of decline. Total assets also dropped: from 19% of GDP to 12.7%. Please click here to read more.