INSUBCONTINENT EXCLUSIVE:
Investment preference seems to be changing
A survey by UBS Global Research showed that in 2019,ownership has gone up for insurance, post office savings schemes and pension plans
had ownership of plain-vanilla bank deposits
It indicated that a higher proportion of households is saving and 35 per cent of respondents currently save or invest before spending
compared to 24 per cent in the 2018 survey.
About 70 per cent of respondents feel their current level of savings has increased compared with
However, more than half of respondents (58 per cent) still believe their savings are below expectations, that is they would like to save
contribute 60 per cent of gross savings in India ran into stretched balance sheets, as they were funding consumption by taking higher
leverage and dipping into savings amidst muted income growth
Mean income levels of urban households have remained muted over the past year, with the bulk of the decline in tier-1cities