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Indian economy — gross domestic saving rate: Choose the current broad range for India’s average gross domestic savings as a share of GDP. Treat “range” as percentage points of GDP (approximate macro indicator). Choose the correct range.

Difficulty: Easy

Correct Answer: 30% – 35%

Explanation:


Given data

  • We are asked the approximate range of India’s gross domestic saving rate (share of GDP).


Concept / Approach
India’s savings rate is a macro aggregate that has typically hovered around the low-30s percent of GDP in recent years. Hence, among the coarse ranges given, 30–35% best captures the contemporary level.


Step-by-step reasoning
Compare coarse ranges to known long-run averages: below 25% would be too low for India’s recent experience; 25–30% is borderline but tends to underestimate; 30–35% aligns with common macro data points.


Verification / sanity checks
Historical series since the 2000s show the savings rate predominantly in the upper 20s to low 30s, with many recent observations close to ~30%.


Common pitfalls

  • Confusing household savings rate with gross domestic savings (which includes private corporate and public savings).


Final Answer
30% – 35% is the most appropriate broad range among the options.

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