The domestic savings have been an important driver of growth in the Indian economy. The domestic savings rate peaked at 36.8% in the year

The volume and composition of domestic savings in India have undergone significant changes over the years. The savings rate (gross domestic savings as percentage of gross domestic product at market prices) averaged 18.6 percent in the 1980s and 23 percent in the 1990s. The savings rate exceeded 30 percent for the first time in 2004-05 and has remained above that level ever since. It peaked in 2007-08 at 36.8 percent.