Multiple choice

Which of the following sectors of the Indian Economy contributes the maximum in the gross savings of India?

  1. Public Sector

  2. Private Sector

  3. Household Sector

  4. Services Sector
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The household sector contributes the maximum share to India's gross savings, typically accounting for about 60-70% of total gross savings. This includes savings by individuals and families in bank deposits, small savings schemes, life insurance, mutual funds, and other financial instruments. The public and private sectors contribute significantly smaller portions to the aggregate savings.

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