Money Mantra: Savings rate nears 10-year low
Statistics reveal that the national savings rate - the rate at which unspent income increases in an economy - came down to an 8-year low of 30.8 per cent last year. In this episode of Money Mantra, experts Ashutosh Khajuria, head of treasury at Federal Bank, D K Srivastava, chief policy advisor at Ernst & Young, Bajaj Capital MD Sanjiv Bajaj, and Dr Arun Singh, senior economist at Dun & Bradstreet, discuss why the economy is more inclined towards physical savings, while financial savings are not picking up.
