scorecardresearchIndia's gross domestic savings trend

India's gross domestic savings trend

Updated: 18 Dec 2022, 11:19 AM IST

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

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First Published: 18 Dec 2022, 11:19 AM IST