Improving India’s Saving Performance

Author/Editor:

Martin Mühleisen

Publication Date:

January 1, 1997

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper discusses recent trends in Indian saving behavior and reviews policy options to increase domestic saving. In the absence of forceful policy measures, private saving would continue to rise gradually, but probably not by enough to finance the government’s growth target of 7 percent over the next decade. The most promising way to boost domestic saving would be through increased public saving and a strong structural reform program, including financial liberalization, which would initiate a virtuous growth-saving circle. To increase the efficiency of the savings allocation, particular attention should be paid to long-term saving instruments.

Series:

Working Paper No. 1997/004

Subject:

Domestic savings Expenditure Financial institutions Insurance Mutual funds National accounts Pension spending Pensions Private savings

English

Publication Date:

January 1, 1997

ISBN/ISSN:

9781451842005/1018-5941

Stock No:

WPIEA0041997

Pages:

31

Please address any questions about this title to publications@imf.org