Flow · Saving and investment → Financial markets
Financial assets acquired
Value in 2023-24
₹143.94 lakh crore
49.5% of GDP
Gross flows can exceed GDP. GDP counts only final output once; the map also shows the inputs firms buy from each other and the money that passes through financial markets.
This amount adds up several entries of the accounts. The label for how its parts were made is the least certain kind of entry that carries at least 10% of the value:Set when the accounts were balanced so that every row and column adds up; the change was large enough to need an explanation.How the parts were madeThe sum itself is not held to a single published figure.
What it is
Financial assets acquired during the year: new deposits, purchases of government securities, shares and mutual fund units, insurance and pension contributions, and loans made. These are net flows in the year, not holdings. Who acquired what is estimated from RBI's flow of funds, re-matched to official totals where they exist. The money is pooled in each market, not traced from saver to borrower.
Related series (covers 25.0% of this flow)
Household financial saving (gross)
SAM 2023-24: 12.4% of GDP
- 2011-12: Base change: from 2011-12 the series is on the 2011-12 base; levels before and after are not directly comparable.
- 2011-12: Source changes from rbi_financial_accounts_hbs_saving (T12) to mospi_nas_2026_oldbase_nas2025_s5_3 (NO).
- 2022-23: Source changes from mospi_nas_2026_oldbase_nas2025_s5_3 (NO) to mospi_nas_2026_s5_3 (NN). New GDP base (2022-23). Earlier years are on the 2011-12 base; levels are not directly comparable, shares are closer.
Checked against the 2023-24 SAM: the series matches.
What is inside
The entries that make up this flow, largest first.
| Item | Value | Label |
|---|---|---|
| Counterparties re-matched to official totals (K7b · hh_cp) Before → after balancing: ₹16.67 lakh crore → ₹16.64 lakh crore (−0.2%) Why it moved: explained. Explained. Cell I_LOAN <- K_BANK: 26,17,794 -> 26,11,872 (-5,921, -0.2%; 5 entries). Largest moves: capital_financial K7b hh_cp -3,060 (-0.2%); capital_financial K7 dom_keyed_pos -2,484 (-0.7%); capital_financial K7 dom_… | ₹16.64 lakh crore | Set by balancing |
| Household financial assets (K7a · banks) | ₹14.10 lakh crore | Official |
| Government securities bought, by holder (K8d · dom_pos) Before → after balancing: ₹8.93 lakh crore → ₹8.93 lakh crore (0.1%) | ₹8.93 lakh crore | Estimated |
| Government securities bought, by holder (K8d · dom_pos) Before → after balancing: ₹7.95 lakh crore → ₹7.95 lakh crore (0.0%) | ₹7.95 lakh crore | Estimated |
| Flow-of-funds reconciliation residual (K9 · residual_pos) Before → after balancing: ₹7.54 lakh crore → ₹7.57 lakh crore (0.3%) | ₹7.57 lakh crore | Estimated |
| Financial assets acquired (K7 · dom_pos) Before → after balancing: ₹7.14 lakh crore → ₹7.14 lakh crore (0.0%) Why it moved: explained. Explained. Cell I_LOAN <- K_BANK: 26,17,794 -> 26,11,872 (-5,921, -0.2%; 5 entries). Largest moves: capital_financial K7b hh_cp -3,060 (-0.2%); capital_financial K7 dom_keyed_pos -2,484 (-0.7%); capital_financial K7 dom_… | ₹7.14 lakh crore | Derived |
| Household financial assets (K7a · life_insurance) | ₹6.42 lakh crore | Official |
| Flow-of-funds reconciliation residual (K9 · residual_neg) Before → after balancing: −₹6.19 lakh crore → −₹6.17 lakh crore (0.3%) | −₹6.17 lakh crore | Estimated |
| Household financial assets (K7a · pf_pension) | ₹6.11 lakh crore | Derived |
| Increase in foreign-exchange reserves (K8c · reserve_assets) | ₹5.27 lakh crore | Official |
| Financial assets acquired (K7 · dom_pos) Before → after balancing: ₹4.97 lakh crore → ₹4.97 lakh crore (−0.1%) | ₹4.97 lakh crore | Estimated |
| Flow-of-funds reconciliation residual (K9 · residual_pos) Before → after balancing: ₹4.99 lakh crore → ₹4.89 lakh crore (−2.0%) Why it moved: explained. Explained. I_OTHR <- K_INSP K9 residual_pos, 4,99,351 -> 4,89,383 (-9,968, -2.0%; z 0.980; free low; no constraint binds on it). K9 is the residual of K_INSP (saving + liabilities less GCF and assets; capital_financial-1… | ₹4.89 lakh crore | Set by balancing |
and 142 more entries
Sources
- Financial Stocks and Flow of Funds (FSF) of the Indian Economy 2023-24Reserve Bank of India (RBI Bulletin article + workbook). Table Statement 1.2.2, Statement 1.1, Statement 2.2, Statement 1.3.1, Statement 2.1, Statement 1.2.4, Statement 1.3.5, Statement 3.2, Statement 1.3.2, Statement 1.3.7.1, Statement 1.3.7.2, Statement 3.1, Statement 1.2.1, Statement 1.3.3, Statement 1.2.3, Statement 1.3.4, Statement 1.3.6, Statement 4, Statement 1.3, Statement 1.3.7, Statement 5. Retrieved 2026-09-29.Link withheld until RBI grants permission (ISSUES P1-9)
- Union Government Finance Accounts, Appropriation Accounts and Accounts at a Glance (audited)Controller General of Accounts (audited by C&AG). Table Finance Accounts 2023-24, Statement No. 9, Finance Accounts 2023-24, Statement No. 8, Finance Accounts 2023-24, Appendix to Statement No. 9 (IGAS-2). Retrieved 2026-09-29.
- National Accounts Statistics 2026 (new base 2022-23), per-statement XLSXNational Accounts Division, NSO, MoSPI. Table Statement 5.3, Statement 1.9, Statement 8.12, Statement 7.1A, Statement 7.1B, Statement 7.1C, Statement 8.15.1, Statement 6.1, Statement 4.2, Statement 4.1. Retrieved 2026-09-29.
- RBI HBS 2025-26 external-sector tables (BPM6 BoP in US$ and Rs, invisibles, NRI deposits, FDI, reserves, debt, IIP, trade)Reserve Bank of India. Table Table 127, Table 131, Table 125. Retrieved 2026-09-29.Link withheld until RBI grants permission (ISSUES P1-9)
- RBI Annual Report 2025-26 (incl. RBI accounts, appendix tables)Reserve Bank of India. Table Schedule 13, Schedule 14, Income Statement, Schedule 4. Retrieved 2026-09-29.Link withheld until RBI grants permission (ISSUES P1-9)
Notes on this figure
- Includes negative amounts (shown as a reversed flow)