Question

Among the following sectors, which contributes most to the savings, in India:

  1. Banking and financial sector
  2. Export sector
  3. Household sector
  4. Private corporate sector

Answer:

Option C: Household sector

Detailed Solution:

The correct answer is “Household sector”.

In India, the sector that contributes the most to savings is: 3) Household sector

Gross Domestic Saving consists of savings of household sector, private corporate sector, and public sector.