The RBI’s July Bulletin notes that deposits are India’s preferred savings method, with market instruments gaining traction. Prakash et al. detail financial assets/liabilities and net wealth from 2011-12 to 2022-23, which surged during the pandemic and normalized by March 2023. Listed equity peaked end-Dec 2021. By end-March 2023, financial assets were 135% GDP, liabilities 37.8%, net wealth 97.2%.
Stablecoins fuel liquidity, not yet money: Mike Dolan
The U.S. “Genius Act” has legitimized stablecoins, fueling debate on whether their $250B market will stabilize Treasuries or trigger systemic risks. Proponents see demand support,