Are you Ready for Insta 75 Days Revision Plan (UPSC Prelims - 2020)?
Topic: Indian economy – growth and development; Inclusive growth
8) In a recent report, the Reserve Bank of India’s (RBI) household finance committee found the average Indian household keeps just 5% of its wealth in financial assets. What measures can be taken to nudge households to invest more in financial assets? Also examine, from economy point of view, why is it important to push households to invest in financial assets. (200 Words)