Indian household savings patterns have been witnessing some massive structural shifts of late. Households in India have historically been quite risk-averse and wary of investing their savings into risky assets. A pursuit of safe bets has always driven India towards making investments in unproductive assets like gold. This pattern is slowly changing over time, especially since demonetisation in November 2016.
In the last decade and a half ending March 2016, as the GDP grew from Rs 0. ..
