Pattern of Household Expenditure and Savings in India

By : Mary K. Francis, Sabu P. J.

Page No: 133-140

Abstract
Households are the main contributors to the domestic savings of the country. The income received by the households can be invested in productive purposes which will help in the growth of the economy. The changing nature of the consumption expenditure highlights the changes in the consumption pattern of the households. The social and economic changes make the household preference their income for consumption, saving, and investment. The paper tries to analyze household savings which have a major share in gross savings. The major share of household savings goes to bank deposits, loans and financial liabilities.

Authors:
Mary K. Francis : Assistant Professors Post Graduate and Research Department of Economics, St. Thomas College (Autonomous), Thrissur, Kerala, India.
Sabu P. J. : Assistant Professors Post Graduate and Research Department of Economics, St. Thomas College (Autonomous), Thrissur, Kerala, India.
 

DOI: https://doi.org/10.32381/PROD.2024.65.02.3