Fiscal year 2015-16 saw a sharp rise in households’ holdings of financial assets. The chart has the details. But what is most surprising is that 30.5%, or almost one-third of the increase, was on account of a rise in currency holdings.
Currency holdings went up by Rs66,442 crore in 2015-16, compared with a rise of Rs22,594 core in bank deposits and Rs38,491 crore in shares and debentures. The total increase in households’ financial assets was Rs2,17,613 crore.
