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DAILY NEWS ANALYSIS
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05 February, 2020
2 Min Read
Syllabus subtopic: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment
Prelims and Mains focus: on the declining savings rate in India and its causes
Context: India has been witnessing a slowdown in consumption as well as savings for a while now, raising questions over the growth of real income in the economy.
Why are savings so important?
What has been the trend in the savings rate?
India is not alone when it comes to a declining savings rate. Brazil, China and South Africa too witnessed a substantial decline in gross savings as a percentage of gross domestic product (GDP) since 2011. The decline came amid the slowest growth in world trade. In India, the savings rate as a percentage of GDP declined by nearly 5% between 2011 and 2018.
Why cut exemptions amid falling savings?
Why is India’s savings rate going down?
Source: Livemint
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Breakthrough Agenda Report 2022 The UN Climate Change High-Level Champions, the International Energy Agency (IEA), and the International Renewable Energy Agency (IRENA) have launched The Breakthrough Agenda Report 2022, which focuses on international cooperation to accelerate greenhouse gas emission reductions. What are the Report
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International Year of Millets 2023 In preparation for the International Year of Millets in 2023, the Ministry of Agriculture and Farmers Welfare has planned a number of pre-launch activities and initiatives to raise awareness and encourage involvement in the nation about the illustrious but long-forgotten golden grains. Numerous initiatives
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