New Delhi, Oct. 1 -- Indian households saw their liabilities increase much faster than their financial wealth in 2025, with borrowing rising at a pace that outstripped the growth in financial assets, according to the Allianz Global Wealth Report 2026. Household liabilities climbed 14.3% during the year, while gross financial assets increased 9%.

The gap indicates that although households continued to accumulate savings and investments, a growing share of the additional wealth was offset by higher borrowing. Consequently, net financial assets grew by just 6.8% in 2025, below the rate of growth in gross financial assets.

The financial assets held by Indian households rose 9% in 2025 to $5.3 trillion, according to Allianz.

The increase wa...