An analysis of contributions of household sector, private corporate sector and public sector in gross domestic savings and thus gross capital formation of india
- Gross Domestic Savings; Gross Capital Formation; Household Sector; Private Corporate Sector; Public Sector.
Abstract
The fact that saving is one of the main factors to economic growth is unquestionable.Accumulated saving can be consider as the sources of capital stock which play a crucial role in creating investment, production, and employment. And all these activities eventually enhance the economic growth. The present paper attempts to analyze the contributions of household sector, private corporate sector and public sector in Gross Domestic Savings (GDS) and thus Gross Capital Formation (GCF) of India. The study is based on secondary data from 2000-2013. The statistical tools like Percentage, ANOVA, Correlation and Regression analysis are used for data analysis. The analysis reveals that the maximum contribution to GDS and GCF is made by household sector followed by private corporate sector and public sector.