Gross Savings (As % of GDP) in India

Source: World Bank, IMF estimates (Oct 2020), Helgi Analytics
Last Updated: Feb 8, 2021

Gross savings as a share of GDP reached 28.1 % in 2020 in India, according to the National Statistical Office. This is 2.47 % less than in the previous year.

Historically, gross savings as a share of GDP in India reached an all time high of 36.8 % in 2007 and an all time low of 13.1 % in 1975. When compared to India's main peers, gross savings as a share of GDP in Bangladesh amounted to 26.2 %, 45.2 % in China, 14.3 % in Pakistan and 20.8 % in Sri Lanka in 2020.

India has been ranked 27th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 1 places above the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

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