Improving India’s Saving Performance
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Summary:
This paper discusses recent trends in Indian saving behavior and reviews policy options to increase domestic saving. In the absence of forceful policy measures, private saving would continue to rise gradually, but probably not by enough to finance the government’s growth target of 7 percent over the next decade. The most promising way to boost domestic saving would be through increased public saving and a strong structural reform program, including financial liberalization, which would initiate a virtuous growth-saving circle. To increase the efficiency of the savings allocation, particular attention should be paid to long-term saving instruments.
Series:
Working Paper No. 1997/004
Subject:
Domestic savings Expenditure Financial institutions Insurance Mutual funds National accounts Pension spending Pensions Private savings
English
Publication Date:
January 1, 1997
ISBN/ISSN:
9781451842005/1018-5941
Stock No:
WPIEA0041997
Pages:
31
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