India's Household Wealth Soars 14.5% in 2024, Report Says

Imagine India's families getting richer!

A report says that in 2024, the money households had grew by a huge 14.5%, one of the fastest rates worldwide.

Each person, on average, had around Rs 3.1 lakh in financial assets.

This shows a big increase over the past 20 years.

While the middle class is growing, most of the wealth is still held by a small group of people.

Also, Indians are borrowing more money, and household debt is increasing.

However, this is still less than some other countries.