Thursday, August 30, 2012

Indians are saving less, government can do much to boost it

Two things are apparent from the Reserve Bank of India's recently-released annual report. Numbers there show that household savings fell sharply from 25.4% of GDP in 2009-10 to 22.8% of GDP the following year. The entire drop was due to a fall in financial savings, because households recorded a slight increase in physical assets.........

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