With respect to Gross Savings in India, consider the following statements: 1. The Gross Savings as a percentage of GDP has consistently increased in the last decade. 2. The household sector accounts for the highest share of Gross Savings in India. Which of the statements given above is/are correct?
With respect to Gross Savings in India, consider the following statements:
1. The Gross Savings as a percentage of GDP has consistently increased in the last decade.
2. The household sector accounts for the highest share of Gross Savings in India.
Which of the statements given above is/are correct?
Options
- a.
1 only
- b.Correct answer
2 only
- c.
Both 1 and 2
- d.
Neither 1 nor 2
Explanation
The Gross Savings as a percentage of GDP has reduced from 35% in 2009 to 29% in 2018-19. As shown in the table below, the household sector accounts for the highest share of Gross Savings followed by private corporate entities.
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