India’s latest financial data reveals a deposit growth rate of 13.1%, slightly lower than the previous indicator of 13.6%. The figures, updated on 8th March 2024, show a steady increase in deposits within the country. This development signifies a positive trend in the economy, indicating that individuals and businesses are actively saving and investing their funds. The consistent growth in deposits can have a significant impact on the overall financial stability and liquidity in India, underlining a growing confidence in the financial system. Despite the slight dip from the previous rate, the current deposit growth remains robust, reflecting a healthy financial environment in the country.The material has been provided by InstaForex Company – www.instaforex.com
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