TRENDS OF HOUSEHOLD SAVINGS AND ITS IMPACT ON INDIAN ECONOMY

M Padma, M Com, Phil, T Maheswari, M Com, M Phil
2016 Asia Pacific Journal of Research   unpublished
Introduction Gross domestic saving is one of the most important factors which are essential for long term economic growth of a nation. Long term economic growth needs investments in infrastructure, education, technology and production etc. it increase the GDP growth rate for that higher rate of capital formation is needed. Gross domestic saving consists of public sector, private sector, household sector. Household sector is the major sector which contributes nearly 73% to total gross savings
more » ... al gross savings than the private sector (20%) and public sector (4%). Household income, its distribution to expenditure and savings are very important for economic analysis as it supply the economic resources to the firm and receive payments in terms of money and this money are spent by households on goods and services produced by them. These determine the nature and rate of saving and the rate of economic growth. Since savings of a household and economic growth are closely related.
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