Munich Personal RePEc Archive

Sector wise Savings in India- An Analysis

Sivakumar, Marimuthu (2023): Sector wise Savings in India- An Analysis.

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Capital formation plays a predominant role in all types of economics whether they are developed or developing development is not possible without capital formation.From the classical days, savings has been considered as one of the determinants of growth. To lead the underdeveloped countries to the path of development, rate of savings must be enhanced. For the individuals and households, savings provide a cushion of security against future contingencies, whereas for the nation, savings provide the funds needed in the developmental efforts. Savings is the unspent income. Developing countries such as India need household sectors savings which are very much imperative of the economic development of the nation.

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