PHOSPHORESCENCE OF SAVINGS ON INDIAN ECONOMY
| Main Authors: | C. Radha Priya, Dr. R. Gayathri |
|---|---|
| Format: | Article eJournal |
| Terbitan: |
, 2018
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/1164961 |
Daftar Isi:
- Savings is most crucial for the economic well-being of the individual who saves and that of the country to which he/she belongs as well. Savings is possible only if one is ready to sacrifice a part of his/her current income without spending the same. Once savings accrue it gets transformed as investments by the role played by financial intermediaries. Savings and investment lead to capital formation thereby enhancing production and employment opportunities. Increased production leads to improved exports and this makes the country wealthier. More employment opportunities boost the individual spending and improve the standard of living.