Mint Explainer: What plummeting household savings mean for the economy
A high savings rate is a prerequisite for high economic growth
Source: livemint.com
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Did India's Per Capita Income Really Double Since 2014-15? And Is It a Reliable Indicator of Growth?
'Per capita income is only an indicator of an average. But the average hides the disbursal. And India has extreme inequality. So, it's not a good indicator of what's happening at the bottom 60-70% of the population,' economist Arun Kumar said.
Source: thewire.in