Savings declined but resulted in rise in assets: SBI chief economist

The net financial savings of the household sector has moderated to 5.1% of GDP in FY23 from 7.6 per cent in FY20, as households shifted their savings to physical assets amid low interest rates......

SBI beats Reliance to become India's most profitable company

The changes in the domestic and global economy following the outbreak of the Covid-19 pandemic are altering the corporate profit league table in India. Photograph: Shailesh Andrade/Reuters......

Current savings, investment rates can't propel GDP to 8%: Report

Clawing the economy back to an 8 per cent growth path will require bringing savings and investment rates closer to 35 per cent on a sustained basis, which were 30.2 and 29.6 per cent, respectively,......

SBI Research junks Raghuram Rajan's comments on India's growth

The argument that India is going towards a 'Hindu rate of growth' is "ill-conceived, biased and pre-mature" when weighed against the respective data on savings and investments, said SBI Research in......