On the savings front, household total savings stood at 23.3 per cent of PDI (18.4 per cent of GDP) in FY23, nearing a two-decade low. Net Financial Savings (NFS) were particularly concerning, reaching a four-decade low of 6.6 per cent of PDI. Physical savings, on the other hand, hit a decade
Washington DC [USA], Dec 24 (ANI): Financing new social initiatives and development projects will benefit India's younger generations but this will require prudent use of public funds, the International Monetary Fund (IMF) has said.