Journal Press India^®

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An important source of real savings for the Indian economy is the household sector. Annual changes in financial assets held by households form a portfolio of household investment. our study examines pattern of changes in financial assets from 1978-79 to 2018-19. The various financial assets in portfolio of the household sector considered are bank deposits, non-bank deposits, life insurance fund, provident and pension fund, claims on government securities and stocks. The household sector stands out as the main contributor of real savings in both the planning era and liberalization period. Corporate sector has constantly gained in its savings performance although in planning era it was the lowest. The public sector contribution was more than the corporate sector in the planning era although their share decreased in the liberalization period. The index of changes in household financial assets shows that bank deposits remain the largest component of the portfolio.

Keywords

Household saving; Investment; Changes in assets; Pattern of investment.

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