This is the percentage by which financial assets of Indian households grew between April 2015 and March 2016. Financial assets include: cash, bank deposits, government securities, and other bonds and shares.
This is the highest annual rate of increase since financial year (FY) 2010-11.
Like physical assets, financial assets also represent value and ownership, but they are not tangible. Such assets include, bank deposits, stocks, mutual funds and bonds among other things.
