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Unit-5 Monetary and Financial Resources

This unit discusses these aspects which have a crucial bearing on the flow of monetary and financial resources needed for the development of the economy.

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What are the major sources of savings in India? Which sector makes the largest contribution to savings in India?


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Learning Pundits Content Team

Written on Jun 26, 2019 3:46:37 PM

Domestic saving accrue from three sectors viz. (i) government or public sector, (ii) private corporate sector, and (iii) the household sector. The public sector includes government administration, departmental undertakings, government companies and statutory corporations. The private corporate sector comprise non-governmental non-financial corporate enterprises. The rest is termed household sector. Thus, the household sector, being residual in character, includes a host of economic agents who engage in production/consumption activity.

Among the three sectors, as in most other countries, the household sector in India too contributes the bulk - more than two-third of the total savings. The government sector and the corporate sector contribute the balance i.e. about one-third of total saving in the country.