Economy

Encourage Savings as an important driver of investment and growth

Inadequate Progress

India’s Gross National Savings (as percentage of GDP) continues to decrease from 33% in 2014 to 30% in 2016, reported by Quandl. However, there is an improvement in the Indian Households Savings from Rs. 22.8 lakh crore in 2014 to Rs. 26.1 lakh crore in 2016.
Government continued “Pradhan Mantri jan Dhan Yojana” to have better access & boost savings of Individuals.  A total of 64,400 Crores have been deposited as of May 2017.

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