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Research Paper | Economics | India | Volume 11 Issue 8, August 2022 | Popularity: 4.3 / 10

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The Influence of Household Savings in the Indian Economy

Tejkiran Amrut Marathe

Abstract: The Savings and investment are the main drivers to accelerate the growth process. Inside Gross Domestic Saving plays an important role in a developing country like India Accelerate the process of growth and achieve higher levels of growth. Savings are made both in the public sector and in the private sector and domestically Savings play an important role in increasing capital accumulation. Structure and the domestic savings system plays an important role in understanding this development economic process. Role of housing sector in Indian economy a dominant role by forming a large share of gross domestic savings. Family savings provide a health cushion for individuals and here at the same time it also provides funds for the development of the country. Domestic Savings are usually in the form of physical and financial assets there has been a major shift in the composition of household savings from financial savings save material. Savings changes in the home sector are straight forward GDP is affected so should the pace Maintained with appropriate fiscal policy measures.

Keywords: Economic growth, gross domestic savings, household savings, Physical assets, financial asset

Edition: Volume 11 Issue 8, August 2022

Pages: 927 - 932

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