Measuring the impact of changes in financial assets and financial liabilities on the household sector savings

Pages: 781-785
Kavita (Department of Agriculture Economics CCSHAU, Hisar, Haryana)
Monu Devi (Extension Lecturer, Government College, Haryana)
Meenu Punia (Department of Agriculture Economics CCSHAU, Hisar, Haryana)
Satbir Singh (HSB, GJUS&T, Hisar, Haryana)

Current studyaims to determine the current situtation of financial assets and liabilities of household sector in India. Researchers have also measured the relationship between household sector savings and the changes in financial assets or financial liabilities of the household sector. Study was based on the secondary data derived from the annual publication of Reserve Bank of India tittles ‘Statistics of Indian Economy’. Study covered the period from 2011-12 to 2016-17. In order to determine the current situtaion of the financial assets and liabilities of household sector in India, researchers have used graphical and tabular form of data representation while for measuring the impact of changes in financial assets or financial libaiities of the household sector on the savings of houshold sector, linear regression analysis has been used. It was found that the changes in financial assets of the household sector has a positive and significant impact on the savings of household sector while changes in financial liabilities has a negative and insignificant impact on the savings of household sector.