The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
- A15% to 20%
- B20% to 25%
- C25% to 30%
- D30% to 35%
Solution & Step-by-step Explanation
The Gross Domestic Savings rate in India has historically hovered around 30% to 35% of the Gross Domestic Product (GDP) in recent years, driven largely by household sector savings, followed by private corporations and public enterprises.