September 24: Household savings set to fall across the world (LiveMint.com)
September 24, 2015
As India’s working age population increases over the next decade, it will not only increase the consumption potential of the country, but also arrest any fall in its household savings rate. A paper by Chadwick C. Curtis of the University of Richmond and Nelson C. Mark of the University of Notre Dame says India’s savings rate might hold up owing to “a favourable demographic outlook.”
While the household savings rate is considered to be dependent on a host of factors ranging from income levels, interest rates, inflation to demographics, the paper, released by...