India's gross domestic savings trend

The savings rate, or the proportion of gross domestic savings (“GDS”) in GDP in the Indian economy has trended down in the past decade. India’s GDS peaked at 36.8% of GDP in Fiscal2008 and dipped to 32% in Fiscal2009. However, India’s domestic savings was still higher at 29.3% as compared to the world average of 26.9% at end of calendar year 2021