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Abstract

Investment is said to be the driving force of an economy. The level of investment determines the net capital formation
of a country and eventually it robust long term growth of the economy. The level of investment is determined by the level of savings, particularly, the household savings. In fact, it is the level of household savings and investment which is the key factor of growth. With middle income groups dominating the household sector, the savings from this group determines the level of investment and capital formation. According to the reports of Ministry of Statistics and Programme Implementation, the household sector accounts for 81.80 per cent of the gross domestic savings of the country.

Item Type: Article
Subjects: A Business and Management > AP Marketing
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Users 1 not found.
Date Deposited: 25 Apr 2022 03:31
Last Modified: 25 Apr 2022 03:31
URI: http://ir.psgcas.ac.in/id/eprint/333

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