As of end-March 2023, the household financial assets of Indians stood at 135.0 per cent of gross domestic product (GDP) while their financial liabilities were 37.8 per cent of GDP; their net financial wealth was thus placed at 97.2 per cent of GDP, according to RBI’s July bulletin issued on Thursday. The spike in financial assets during the Covid-19 pandemic amidst restrictions on contact-intensive services and subdued growth in liabilities led to an increase of 12.6 percentage points in net financial wealth between the end of March 2020 and the end of March 2023. Equity and investment funds of households increased more than 1.5 times from 2011-12 to 2022- 23. Household debt to financial assets ratio has remained stable during the period.