Saving Pattern

Abstract The objective of the probe are to acquire the miserliness pattern of the people under observation, to determine relationship between expectation of returns and miserliness, to determine the factors influencing the reason for economic system, to study the purpose of saving along with income distribution, to study the contribution of insurance policy to savings and to study the factors influencing the choice of insurance companies and products. I. INTRODUCTION 1.1 SAVING IN INDIA stark(a) internal Saving (GDS), as a proportion of rude home(prenominal) product at current trade prices, increased from 26.1 per centimeimeime in 2002- 03 to 28.1 per cent in 2003-04, reflecting improvement across both the orbits 1 . The domicile sector hided to be the major(ip) contributor to gross domestic saving at 24.3 per cent in 2003-04 as compared with 23.3 per cent in 2002-03. For the last quintette years, the home base sector has shown a preference for saving in the form of physiologic assets relative to pecuniary assets. This could be attributed partly to the soft involution rate prevailing in the housing sector in recent years. Household savings in the form of financial assets as a fortune of GDP at market prices worked out to 14.

0 per cent in 2003-04 as against 13.1 per cent in the previous year. On the other hand, financial savings of the household sector in the form of Life insurance! money has been declining from 15.5 per cent in 2002-03 to 12.8 per cent in 2003-04 and further to 12.4 per cent in 2004-05. Deposits continue to dominate financial saving of households with its treat increasing to 42.9 per cent in 2003-04 from 41.5 per cent in 2002-03. some(a) of the other major components of financial savings were contractual savings, in general life insurance funds at 12.8 per cent. The households preference to elflike savings has been exploitation as...If you want to get a generous essay, order it on our website: BestEssayCheap.com

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