CEIC DATA indicates in the above image that savings in India are drastically declining. In March 2009, India's gross savings rate was 36.41%, but it has since declined to 31.379% in March 2020. These numbers draw attention to improving your financial habit of saving a part of your income. Building the habit of disciplined saving has several benefits. However, here are the three greatest reasons why you should start saving now: 1. Emergency Fund “Life…
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