Question

Trend in domestic saving and capital formation in india

Answer 1

Or one can also say that an important element in the growth process of developing countries like India is the rate of saving or the saving-income ratio. ... Gross domestic savings increased from 8.9 p.c. of GDP in 1950-51 to 24.8 p.c. of GDP in 2006-07. Net domestic capital formation increased from 5.2 p.c. to 28.4 p.c.

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