Archive · 22 Jul 2026
Household Net Financial Assets Decline in FY26
In the fiscal year 2026, the net financial assets of households in India decreased to Rs 21.4 lakh crore, which is 6.2% of the country's GDP.
This is a drop from the previous year's Rs 22.3 lakh crore, or 7% of GDP.
The main reason for this decline is that households' financial liabilities, or debts, increased significantly to Rs 21.4 lakh crore, up from Rs 15.7 lakh crore the year before.
While the total value of financial assets grew, the types of assets changed.
The share of investments in stocks decreased, while the share of money kept in bank deposits increased.
This trend is part of a larger pattern seen since the pandemic, which had a big impact on household finances.
Household net financial assets fell to Rs 21.4 lakh crore or 6.2% of GDP in FY26 from Rs 22.3 lakh crore or 7% of GDP in FY25.
Financial liabilities rose sharply to Rs 21.4 lakh crore or 6.2% of GDP in FY26 from Rs 15.7 lakh crore or 4.9% of GDP in FY25.
Gross financial assets grew to 12.4% of GDP in FY26 from 11.9% of GDP in FY25.
The share of equities in financial assets dropped to 13.2% in FY26.
The share of bank deposits in financial assets rose to 35.7% or Rs 15.3 lakh crore in FY26 from 33% or Rs 12.5 lakh crore in FY25.
- Who
- Households in India
- What
- Decline in net financial assets
- When
- Fiscal Year 2026
- Where
- India
- Why
- Due to a sharp rise in financial liabilities and changes in the composition of financial assets.
Increased Financial Liabilities
Growth in Gross Financial Assets
Financial Liabilities
Increased Financial Liabilities
Financial liabilities rose sharply to Rs 21.4 lakh crore or 6.2% of GDP in FY26, up from Rs 15.7 lakh crore or 4.9% of GDP in FY25.
Growth in Gross Financial Assets
Gross financial assets grew to 12.4% of GDP in FY26 from 11.9% of GDP the year before.
Equities vs. Bank Deposits
Increased Financial Liabilities
The share of equities in financial assets dropped to 13.2% in FY26.
Growth in Gross Financial Assets
The share of bank deposits in financial assets rose to 35.7% or Rs 15.3 lakh crore in FY26 from 33% or Rs 12.5 lakh crore in FY25.
- Net Financial Assets FY26
- Rs 21.4 lakh crore or 6.2% of GDP
- Net Financial Assets FY25
- Rs 22.3 lakh crore or 7% of GDP
- Financial Liabilities FY26
- Rs 21.4 lakh crore or 6.2% of GDP
- Financial Liabilities FY25
- Rs 15.7 lakh crore or 4.9% of GDP
- Gross Financial Assets FY26
- 12.4% of GDP
- Gross Financial Assets FY25
- 11.9% of GDP
- Share of Equities FY26
- 13.2%
- Share of Bank Deposits FY26
- 35.7% or Rs 15.3 lakh crore
- Share of Bank Deposits FY25
- 33% or Rs 12.5 lakh crore
- Net Financial Assets FY23
- 5.3% of GDP
- Financial Liabilities FY23
- 6.1% of GDP
- Financial Liabilities FY24
- 6.6% of GDP