Business, Management and Accounting
5 years ago

High savings, low growth: India's economic puzzle revealed in new study

Asian Journal of Research in Business Economics and Management
Saving and economic growth in India: A granger causality analysis
Shradha H. Budhedeo

Paper Summary

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The study looked at the relationship between saving money and economic growth in India over the past sixty years. Despite the theory that saving and growth should go hand in hand, the research found that in India, high saving rates did not lead to high economic growth rates. The results showed that there is no direct link between saving growth rates and economic growth rates in India, meaning that saving and growth are independent of each other in the country.