A RBI report on household finances shows even the poorest of the population keeps its wealth in real estate or gold.
Real estate rules
76.9% of household wealth in India is invested in real estate.
59% of the poorest 20% in the country own a dwelling unit of some kind or land.
All that glitters is gold
11% of all family wealth goes into buying the yellow metal.
8% of total liabilities in Indian families are in gold loans
No takers for financial assets
5% of family wealth is in financial assets like cash, bank accounts and pension accounts
Debt to cope with emergency expenses
56% of all liabilities of Indian families is made up of unsecured loans. Repayment of mortgages increases with age in India