India: Savings, percent of GDP

India: Savings as percent of GDP

: For that indicator, we provide data for India from 1975 to 2018. The average value for India during that period was 25.33 percent with a minimum of 13.1 percent in 1975 and a maximum of 37.01 percent in 2007. The latest value from 2018 is 30.94 percent. For comparison, the world average in 2018 based on 139 countries is 22.36 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in India and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.