New Report launched: Professor Tarun Ramadorai
Indian households could boost their income if they reduced holdings of gold and real estate, and increased savings in financial instruments.
This was among the findings of a new report by Professor Tarun Ramadorai, Professor of Financial Economics at Imperial College Business School for The Reserve Bank of India (RBI).
The report, by the inter-regulatory Committee on Household Finance, constituted by the RBI and chaired by Professor Ramadorai, reveals the challenges that Indians face in being able to participate efficiently in the formal financial system, and contains policy recommendations to address the issues in the current Indian financial framework.
The online coverage report can be found here.