An analysis of RBI & CSO data on household savings: What is the correct methodology for such data?
If we re-estimate the Indian households’ savings based on the data provided by the RBI and methodologies suggested by the SEBI, we get altogether different figures for household savings. Here we compare two scenarios, one RBl’s estimates of household savings and two, household savings after taking into consideration financial savings using SEBl’s methodology. Traditionally, households…