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