Improving India’s Saving Performance

January 1, 1997

Preview Citation

Format: Chicago

Martin Mühleisen. Improving India’s Saving Performance, (USA: International Monetary Fund, 1997) accessed November 21, 2024

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.

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

Keywords: Domestic saving, Domestic savings, East Asia, Growth-saving circle, Insurance, Mutual funds, Pension spending, Policy instrument, Private savings, Rate, Saving, Saving rate, Savings puzzle, WP, Yield

Publication Details

Pages:

31
Volume:

---
DOI:

---
Issue:

---
Series:

Working Paper No. 1997/004
Stock No:

WPIEA0041997
ISBN:

9781451842005
ISSN:

1018-5941

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Working Papers