Monday, August 25, 2014

Poor savings outlook

While data for FY14 won’t be out for a few months, data for financial savings of the household sector collected by RBI suggest things won’t be too different from FY13, not surprising given the sub-5% growth for the year. As a share of the GDP, net financial savings of households in FY14 came in at 7.2%, not too different from the previous two years, but dramatically lower than the 12% in FY10. Within this, ..........

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