ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Savings and Investment Some Issues

Savings and Investment: Some Issues Arun Ghosh The steep increase claimed in domestic saving from 21.4 per cent of GDP in 1993-94 to 24.4 per cent in 1994-95 raises some questions which call for explanations from the CSO and the RBI. First, part of the rise in saving represents rise in speculative inventory holding and so cannot be said to reflect improved health of the economy and buoyancy of investment. Second, a significant part of the higher saving represents saving out of the sharply increased remittances from Indian workers from abroad in 1994-95. Such saving, while part of 'national saving' cannot be considered part of 'domestic' saving.

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