Key information about India Gross Savings Rate

• India Gross Savings Rate was measured at 30.7% in Mar 2024, compared with 30.7% in the previous year.
• India Gross Savings Rate is updated yearly, with data available from Mar 1951 to Mar 2024, and an average rate of 30.7%.
• The data reached an all-time high of 30.7% in Mar 2008 and a record low of 7.9% in Mar 1954.
• CEIC calculates Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Ministry of Statistics and Programme Implementation provides Gross Domestic Savings in local currency and Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Gross Domestic Savings Rate is annual frequency, ending in March of each year.
• In the latest reports, India GDP expanded 6.1% YoY in Mar 2023.
• India Nominal GDP reached 873,666.0 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 4.1% in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.

The gross savings rate for India was recorded at just over ** percent as of March 2023. This was a drop from over ** percent in the previous year. The coronavirus (COVID-19) pandemic caused contractions in gross savings rate.

Gross savings (% of GDP) in India was reported at 30.01 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Gross savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Personal Savings in India increased to 26099.21 INR Billion in 2016 from 25429.60 INR Billion in 2015. This dataset provides - India Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross domestic savings (% of GDP) in India was reported at 29.27 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In a survey conducted in March 2022 about the impact of COVID-19 in India, around ** percent of the respondents cited a drop in the total household savings. However, about ** percent of respondents revealed a increase in savings.

In fiscal year 2023, gross domestic savings in the private corporate savings was estimated to be ** percent of the GDP in India, similar from the previous year. The domestic savings had fluctuated over the recent years in the country.

In the financial year 2021, the average annual saving of rich households in India was over 606 thousand Indian rupees, a stark contrast to destitute category which saved only five thousand Indian rupees. The middle-class saved almost 130 thousand Indian rupees annually. During the year, a rich household spent almost 25 times that of a destitute household, eight times that of an aspirer household, and almost three times that of a middle-class household.

Gross savings (current US$) in India was reported at 1174153990212 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Gross savings - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In fiscal year 2020, the gross domestic savings value in the household sector across India amounted to nearly ** trillion Indian rupees. This was another increase compared to the previous year and the highest value since 2013.

Savings Bank Rate: Reserve Bank of India data was reported at 3.500 % pa in 20 Nov 2018. This stayed constant from the previous number of 3.500 % pa for 19 Nov 2018. Savings Bank Rate: Reserve Bank of India data is updated daily, averaging 3.500 % pa from Mar 2003 (Median) to 20 Nov 2018, with 5744 observations. The data reached an all-time high of 4.000 % pa in 11 Aug 2017 and a record low of 3.500 % pa in 20 Nov 2018. Savings Bank Rate: Reserve Bank of India data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Daily Database’s Deposit Rates – Table IN.MA001: Reserve Bank of India: Deposit Rate.

Adjusted savings: net national savings (current US$) in India was reported at 580564673173 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Adjusted savings: net national savings - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about China Gross Savings Rate

• China Gross Savings Rate was measured at 44.3% in Dec 2023, compared with 44.3% in the previous year.
• China Gross Savings Rate is updated yearly, with data available from Dec 1952 to Dec 2023, and an average rate of 44.3%.
• The data reached an all-time high of 44.3% in Dec 2010 and a record low of 16.5% in Dec 1962.
• CEIC calculates Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. The National Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, China GDP expanded 4.5% YoY in Mar 2023.
• China Nominal GDP reached 4,166,759.1 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 0.4% in Mar 2023.
• China GDP Per Capita reached 12,621.7 USD in Dec 2023.

India Deposit Rate: Savings: Monthly data was reported at 3.500 % pa in Oct 2018. This stayed constant from the previous number of 3.500 % pa for Sep 2018. India Deposit Rate: Savings: Monthly data is updated monthly, averaging 3.500 % pa from Mar 2003 (Median) to Oct 2018, with 188 observations. The data reached an all-time high of 4.000 % pa in Jul 2017 and a record low of 3.500 % pa in Oct 2018. India Deposit Rate: Savings: Monthly data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MA001: Reserve Bank of India: Deposit Rate.

Key information about India Investment: % of GDP

• India Investment accounted for 30.5 % of its Nominal GDP in Dec 2024, compared with a ratio of 34.7 % in the previous quarter.
• India investment share of Nominal GDP data is updated quarterly, available from Jun 2004 to Dec 2024, with an average ratio of 33.6 %.
• The data reached an all-time high of 41.2 % in Sep 2011 and a record low of 21.8 % in Jun 2020.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation, Changes in Stocks and Valuables. Ministry of Statistics and Programme Implementation provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency, based on SNA 2008 at 2011-2012 prices. Investment as % of Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Investment: % of GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• India Nominal GDP reached 873.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.1 % in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.7 % in Mar 2024.

The statistic shows the results of a 2015 survey among households in India which had a savings bank account between April to December 2015. More than ** percent of the rural households had a savings bank account during the survey period.

The savings rate of households in selected countries worldwide from 2010 to 2014, as a share of disposable income can be found here.

The dataset shows structure of interest rates

Note: 1. For the year 1995-96, interest rate on deposits of maturity above 3 years, and from 1996-97 onwards, interest rates on deposit for all the maturities refer to the deposit rates of 5 major public sector banks as at end-March. 2. From 1994-95 onwards, data on minimum general key lending rates prescribed by RBI refers to the prime lending rates of 5 major public sector banks. 3. For 2011-12, data on deposit rates and Base rates of 5 major public sector banks refer to the period up to July 31, 2010. From July 1, 2010 BPLR System is replaced by Base Rate System. Accordingly the data reflects the Base Rate of five major public sector banks. Data for 2010-11 for Call/Notice Money rates are average of April-July 2010. 4. Data for dividend rate and yield rate for units of UTI are based on data received from Unit Trust of India. 5. Data on annual(gross) redemption yield of Government of India securities are based on redemption yield which is computed from 2000-01 as the mean of the daily weighted average yield of the transactions in each traded security. The weight is calculated as the share of the transaction in a given security in the aggregated value. 6. Data on prime lending rates for IDBI, IFCI and ICICI for the year 1999-00 relates to long-term prime lending rates in January 2000. 7. Data on prime lending rates for State Financial Corporation for all the years and for other term lending institutions from 2002-03 onwards relate to long-term (over 36-month) PLR. 8. Data on prime lending rate of IIBI/ IRBI from 2003-04 onwards relate to single PLR effective July 31, 2003. 9. IDBI ceased to be term lending institution on its conversion into a banking entity effective October 11, 2004. 10. ICICI ceased to be a term-lending institution after its merger with ICICI Bank. 11. Figures in brackets indicate lending rate charged to small-scale industries. 12. IFCI has become a non-bank financial company. 13. IIBI is in the process of voluntary winding up. 14. Figures for 2015-16 are as on July 14, 2015. 15. 2024-25 data : As on September 1, 2024; except for WALRs, WADTDR and 1-year median MCLR (July 2023). 16. * : Data on deposit and lending rates relate to five major Public Sector Banks up to 2003-04. While for the subsequent years, they relate to five major banks. 17. # : Savings deposit rate from 2011-12 onwards relates to balance up to 1 lakh. Savings deposit rate was deregulated with effect from October 25, 2011. 18. $ : Data on Weighted Average Lending Rates (WALRs), weighted Average Domestic Term Deposit Rate (WADTDR) and 1-year median marginal cost of funds-based lending rate (MCLR) pertain to all scheduled commercial banks (excluding RRBs and SFBs). 19. Data on lending rates in column (7) relate to Benchmark Prime Lending Rate (BPLR) for the period 2004-05 to 2009-10; Base Rate for 2010-11 to 2015-16 and Marginal Cost of Funds Based Lending Rate (MCLR) (overnight) for 2016-17 onwards. BPLR system was replaced by the Base Rate System from July 1, 2010, which, in turn, was replaced by the MCLR System effective April 1, 2016.

State Bank of India: Financial Ratio: Demand and Savings Bank Deposits-Total Deposits data was reported at 44.490 % in 2018. This records a decrease from the previous number of 44.570 % for 2017. State Bank of India: Financial Ratio: Demand and Savings Bank Deposits-Total Deposits data is updated yearly, averaging 47.110 % from Mar 1999 (Median) to 2018, with 20 observations. The data reached an all-time high of 63.670 % in 2001 and a record low of 41.280 % in 2005. State Bank of India: Financial Ratio: Demand and Savings Bank Deposits-Total Deposits data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Banking Sector – Table IN.KBF004: State Bank of India and Its Associates: Selected Financial Ratios: State Bank of India.

India Foreign Banks: Financial Ratio: Demand and Savings Bank Deposits-Total Deposits data was reported at 40.140 % in 2024. This records a decrease from the previous number of 40.480 % for 2023. India Foreign Banks: Financial Ratio: Demand and Savings Bank Deposits-Total Deposits data is updated yearly, averaging 41.765 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 50.530 % in 2006 and a record low of 34.650 % in 2015. India Foreign Banks: Financial Ratio: Demand and Savings Bank Deposits-Total Deposits data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Banking Sector – Table IN.KBR001: Foreign Banks: Selected Financial Ratios.

The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.