Growth of Personal Savings in Post Liberalization Era in India

7 Pages Posted: 31 Oct 2010

See all articles by Kanhaiya Singh

Kanhaiya Singh

National Council of Applied Economic Research (NCAER)

Date Written: October 30, 2010


India adopted liberalization path and opened up the economy in 1991.There have series of policy reforms to boost savings and investments thus contributing to economic growth. Among others the measures adopted to surge household savings have brought in desired results, one significant contribution in financial domestic savings and more than that inculcation of saving habits among the small investors. This paper examines the impact of policy measures on the growth of mutual funds which were introduced in pursuant to liberalization and also the insurance sector. The study concludes that various policy decisions in terms of fiscal incentives and expansion through competitive spirit helped the growth of personal savings significantly. This has added to the phenomenal growth of domestic savings in general and household savings in particular. All this has ultimately impacted the economic growth of the country.

Keywords: Liberalization, Household Savings, Mutual Funds, Insurance, Savings and Investments, Domestic Savings, Fiscal Incentives, Policy Reforms, Economic Growth

Suggested Citation

Singh, Kanhaiya, Growth of Personal Savings in Post Liberalization Era in India (October 30, 2010). Personal Finance & Investments (PF&I) 2011 Conference Paper. Available at SSRN: or

Kanhaiya Singh (Contact Author)

National Council of Applied Economic Research (NCAER) ( email )

Parisila Bhawan
11 - Indraprastha Estate
New Delhi, 110002

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