‘Few Ahmedabad citizens keep emergency funds’

.....The survey’s findings substantiates the Reserve Bank of India’s (RBI)’s recently released annual report, which suggested that the financial savings of Indian households, as a proportion of the gross domestic product (GDP), plummeted to a 20-year low of just about eight per cent in 2011-12. About 90 respondents in Ahmedabad said they have not set up any fund to deal with emergencies such as sudden loss of job, death or a medical emergency in family, natural calamities, delay in income, sudden relocation and other such unpredictable factors..........

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