NEW DELHI, Jan. 17 -- As the Indian economy continues to slow down, there is growing fear about a lack of resources in the economy to fund a revival in investments and commercial activity. The dramatic fall in the domestic savings rate in the economy, which determines how much domestic funds government and businesses can access for investments, has fuelled such concerns.
Both the old and the new gross domestic product (GDP) series data suggest that the savings rate has been declining since the global crash of 2008, with the new series suggesting that the drop may be less sharp than what the old series reported.
In 2017-18, the fall in the savings rate was arrested, primarily because of higher savings of non-financial corporations. However...