In a statement, Finance Ministry said the demonetization drive led to significant change of saving habits and formalization of assets market. <br/><br/>It said, considerably more funds came into the organized financial markets, whereas earlier households were parking much of their savings in unproductive physical assets. The savings in the form of investment in equity mutual funds and life insurance premia have increased.
News On AIR | August 30, 2017 8:47 PM
Demonetization drive leads to significant change of saving habits, formalization of assets market: Finance Miinistry