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India's savings rate falls to 15-year low, says report

Updated : February 19, 2020 12:26 PM IST

Household savings also declined as consumers spent more in purchasing durables and travelling, the report said.
According to data from the Central Statistical Organisation, the country's gross savings dropped to 30.1 percent of the gross domestic product in fiscal 2019.
India's savings rate falls to 15-year low, says report

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