(a) whether the rate of savings by the Corporate Sector is
very low compared to that the households; and
(b) if so, the facts thereof for the last three years?
(a) whether the rate of savings by the Corporate Sector is
very low compared to that the households; and
(b) if so, the facts thereof for the last three years?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
(a) & (b) Yes, Sir. As a proportion of Gross Domestic Product,
corporate savings is low compared to household savings. Information
available from the Central Statistical Organisation for the latest three years is as follows.
Gross Domestic Savings as per cent of Gross Domestic Product at current market prices
2000-01 2001-02 (P) 2002-03 (Q)
Gross domestic savings: 23.7 23.5 24.2
Of which:
Private corporate sector 4.1 3.5 3.4 Household sector 21.9 22.7 22.6 Public sector -2.3 -2.7 -1.9
P - Provisional Q- Quick Estimates