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India's gross domestic savings rate FY 2008-2019

The gross savings rate for India was recorded at just over 30 percent in fiscal year 2019. This was a drop from over 31 percent in the previous financial year. The coronavirus (COVID-19) pandemic caused contractions in GDP forecast for the country, with GDP per capita at over 2.1 thousand U.S. dollars in March 2020.

Gross domestic savings rate in India from financial year 2008 to 2019

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Source

Release date

June 2020

Region

India

Survey time period

FY 2008 to FY 2019

Supplementary notes

India's financial year starts in April and ends in March. For example, FY 2018 refers to data from April 2017 until March 2018.

Note: One Indian rupee is equal to 0.011 U.S. dollars and 0.014 euros as of September 2020.

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