Domestic savings to drive investment
Updated: Aug 26 2014, 10:26am hrs
A growing middle class and a young demography is likely to boost the countrys savings rate. A Dun & Bradstreet study says Indias aggregate savings as a percentage of GDP is expected to rise to 37.9% in FY20, up from 33.7% in FY10. Rising incomes will drive consumption expenditure as the study forecasts growth in private final consumption expenditure to average around 7% over FY15-20.
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