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.