Abstract

A Study on the Structure and Trends in Sector Wise Domestic Savings in India

Dr. A. Lakshmi

Volume: 13 Issue: 3 2023

Abstract:

The domestic savings are strong determinants of economic growth in the country. The present study concludes that in total gross domestic savings householders are major contributors with around two third of the share (66 percent). However, the majority of their savings are in the form of physical assets such as land etc. Thereafter, non-financial corporations’ share is very significant with an average of 33 percent. However, the share of financial corporation occupied around 10 percent. The government savings rate is in negative which indicates rising borrowings of the government than savings. In overall, the ANOVA statistical outcomes proved acceptance of null hypotheses i.e. insignificant difference in savings between households, non-financial corporations and financial corporation etc.

DOI: http://doi.org/10.37648/ijrssh.v13i03.035

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