India - Adjusted savings: gross savings (% of GNI)
Adjusted savings: gross savings (% of GNI) in India was 29.50 as of 2019. Its highest value over the past 44 years was 37.20 in 2007, while its lowest value was 13.10 in 1975.
Definition: Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.
Source: World Bank national accounts data files.
See also:
Year | Value |
---|---|
1975 | 13.10 |
1976 | 16.00 |
1977 | 15.40 |
1978 | 15.10 |
1979 | 15.70 |
1980 | 14.50 |
1981 | 15.80 |
1982 | 15.90 |
1983 | 15.40 |
1984 | 15.90 |
1985 | 16.90 |
1986 | 15.90 |
1987 | 17.10 |
1988 | 18.30 |
1989 | 20.40 |
1990 | 21.50 |
1991 | 22.10 |
1992 | 23.60 |
1993 | 24.40 |
1994 | 26.30 |
1995 | 27.30 |
1996 | 27.30 |
1997 | 27.80 |
1998 | 26.10 |
1999 | 25.80 |
2000 | 26.40 |
2001 | 26.50 |
2002 | 28.30 |
2003 | 30.70 |
2004 | 33.60 |
2005 | 34.70 |
2006 | 36.60 |
2007 | 37.20 |
2008 | 36.50 |
2009 | 35.80 |
2010 | 36.70 |
2011 | 35.40 |
2012 | 35.70 |
2013 | 34.70 |
2014 | 33.90 |
2015 | 32.80 |
2016 | 31.50 |
2017 | 31.80 |
2018 | 31.40 |
2019 | 29.50 |
Limitations and Exceptions: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.
Statistical Concept and Methodology: Gross savings are calculated as a residual from the national accounts by taking the difference between income earned by residents (including income received from abroad and workers' remittances) and their consumption expenditures.
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts