UPSC Prelims 1997·GS1·economy·basic concepts

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

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Last updated 8 Jul 2026, 4:39 pm IST
  1. A15 to 20 per cent
  2. B20 to 25 per centCorrect
  3. C25 to 30 per cent
  4. D30 to 35 per cent

Explanation

The correct option is B because the Gross Domestic Savings rate in India has been hovering around 30 percent in recent years. Specifically, according to the National Statistical Office and the Economic Survey, the savings rate for the period 2021 to 2023 was recorded between 30 and 31 percent. In the context of UPSC examinations, this range typically falls within the 30 to 35 percent bracket, making it the most accurate representation of the current economic data. The savings are primarily driven by the household sector, followed by private corporations and the public sector.

economy: The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
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