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Declining household savings after demonetisation, GST hit investment

9 4 5
16.02.2019

Domestic savings, as a proportion of the gross domestic product at current prices, declined to 30.5% in FY18 from 34.6% in FY12, stymieing investment significantly. Household savings, the largest contributor to savings in the economy, plunged to 17.2% of GDP in FY18 from 23.6% in FY12. While private corporate sector savings stagnated, public sector savings rose marginally, according to data from Central Statistics Office.

The declining........

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