Domestic savings to drive investment

Aug 26 2014, 04:56 IST
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SummaryA growing middle class and a young demography is likely to boost the country’s savings rate. A Dun & Bradstreet study says India’s aggregate savings as a percentage of GDP is expected to rise to 37.9% in FY20, up from 33.7% in FY10.

A growing middle class and a young demography is likely to boost the country’s savings rate. A Dun & Bradstreet study says India’s 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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