Francis, Mary K. and Sabu, P.J.
Pattern of household expenditure and savings in India
- Productivity
- 65(2), Jul-Sep, 2024: p.133-140
Households are the main contrition to the domestic savings of the country. The income received by the households can be invested in proactive purposes which will help in the growth of the economy. The changing nature of the consumption expenditure highlights the changes in the consumption pattern of the households. The social and economic changes make the household preference their income for consumption, saving, and investment. The paper ties to analyze household saving which have a major share in gross savings. The major share of households saving goes to bank deposits, longs and financial fidelities. – Reproduced