Gross savings as a share of GDP reached 29.1 % in 2019 in India, according to the National Statistical Office. This is 2.04 % more than in the previous year.
Historically, gross savings as a share of GDP in India reached an all time high of 29.1 % in 2019 and an all time low of 0.132 % in 1975. When compared to India's main peers, gross savings as a share of GDP in Bangladesh amounted to 30.5 %, 44.4 % in China, 10.7 % in Pakistan and 34.6 % in Sri Lanka in 2019.
India has been ranked 38th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 6 places behind the position seen 10 years ago.
Gross savings are calculated as gross national income less total consumption, plus net transfers.