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    HomeNewsOpinionWhy a whole new generation of Indians needs to be taught the virtues of saving

    Why a whole new generation of Indians needs to be taught the virtues of saving

    Household savings as a percentage of GDP plunged to 5.1 percent in FY23, the lowest in nearly half a century. A sustained fall in savings rate does not bode well for India’s growth

    R Srinivasan
    December 04, 2023 / 10:30 IST
    Household savings as percentage of GDP has fallen sharply while debt has increased.
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