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How Indians Earn, Spend & Save

Published by: India Today Group Digital

Published: Feb. 26, 2007 - 6 Pages


Table of Contents


1. In spite of having adequate savings, most of the Indians are financially insecure

2. Urban Indian’s per capita income is twice in the rural areas.

3. Food is the main expenditure, the rest follow.

4. Poor retirement plans leaves limited options for old age savings.

Abstract

A survey conducted by Max New York Life and National Council of Applied Economic Research has found that though 81% of Indians save on an average a third of their annual incomes, 81.5% are financially insecure and vulnerable to risks

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