Leadership

SAVINGS BEHAVIOUR IN INDIA: AN EMPIRICAL STUDY Md.Abdus Salam and Umma Kulsum (Authors be Faculty Member and Research Fellow Respectively in the Department of Economics, AMU, Aligarh) Introduction Economic Survey (1999-2000) presented by finance Minister in Parliament on February 28, 2000 has provided pursuiting insights that virtuousness actually careful attention. According to the survey the growth cast of Indian Economy during 1999-2000 had been estimated at 5.9 per penny. Industrial growth had attach by 6.2 per cent in April Dec. 1999. Inflation rate (WPI) has record an whole time low of 2.9 per cent as on January 29,2000. For ex reserve has plusd from 29522 US$ to 31941 US$ during 1998-99 and 1999 respectively. plot preceding(prenominal) all these reflected fairly impressive growth. The major failure, however, has been the scam drop curtain in agricultural product and the steady increase in fiscal deficit. The agricultural production, which recorded a sneak of 7. 4 per cent during 1998-99, has declined by 2.2 per cent. The production of food grains has decreased from 203 cardinal tonnes in 1998-99 to 199.1 million tonnes during 1999-2000. Increase in government expending imputable to the Kargil War, cyclone in Orissa, election in 1999 and Fifty commit delegacy implementation culminated in the fiscal deficit at Rs. 108898 crore in 1999-2000 and estimated to be Rs. 111275 crore during 2000-2001. Budget 2000-2001 proposals to cut in GPF interest rate, increase in surcharge on income above Rs. 1.50 lakhs from 10 per cent to 15 per cent, increase in prices PDS articles and PDS sugar extinct of go on for income Tax assess will have a transfer bearing on individual in oecumenic and on the salaried sections in particular. It is expected that above all cumulatively badly effect the domestic frugalitys. The concept of saving plays an historic role in economic analysis. Saving is outlined as the difference between income and consumption. Duri ng pre-Independence period in India, great ! bang spent most of their income...If you want to get a full essay, order it on our website: OrderEssay.net

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