
India: Savings, percent of GDP
* indicates monthly or quarterly data series
India |
Savings as percent of GDP |
---|---|
Latest value | 30.21 |
Reference | 2021 |
Measure | percent |
Source | The World Bank |
For that indicator, we provide data for India from 1975 to 2021. The average value for India during that period was 25.6 percent with a minimum of 13.1 percent in 1975 and a maximum of 37.01 percent in 2007.
The latest value from 2021 is 30.21 percent. For comparison, the world average in 2021 based on 132
countries is 23.47 percent.
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* indicates monthly or quarterly data series
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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.