SAVINGS AND INVESTMENT

Article Abstract:

The Central Statistical Organisation has released comparative savings and investment data.(uh) ------------------------------------------------------------ Savings and Investment (as % of GDP at current market prices) ------------------------------------------------------------ Particulars 1994-95 1995-96 1996-97 1992-1997 provisional Quick 8th Plan estimates estimates period ------------------------------------------------------------ Gross Domestic savings 25.6 25.3 26.1 24.3 ------------------------------------------------------------ Public 1.8 2.3 1.9 1.6 ------------------------------------------------------------ Private 23.8 23.0 24.2 22.7 ------------------------------------------------------------ Gross Domestic investment 26.9 27.1 27.3 25.7 ------------------------------------------------------------ Public 9.0 7.9 7.4 8.4 ------------------------------------------------------------ Private 16.0 19.3 17.8 16.2 ------------------------------------------------------------ Gross Domestic investment 26.9 27.1 27.3 25.7 ------------------------------------------------------------ Gross fixed capital formation 22.5 24.3 24.0 22.9 ------------------------------------------------------------ Change in stocks 2.6 3.0 1.2 1.6 ------------------------------------------------------------ Savings-investment Gap -1.2 -1.9 -1.1 -1.4 ------------------------------------------------------------ Public -7.2 -5.7 5.4 -6.7 ------------------------------------------------------------ Private 7.8 3.7 6.4 6.5 ------------------------------------------------------------

Comment:

India: Central Statistical Organisation releases comparative savings and investment data

Gross Savings & Investment, Article

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GIC MULLS NON-LIFE SAVINGS POLICY

Article Abstract:

The General Insurance Company (GIC) intends to launch a non- life insurance policy for the first time in India. The policy is a savings-based scheme. As of now, Japan is the only country to have introduced such insurance schemes. GIC is negotiating with a consortium in Japan to know the mechanism of the schemes. Under the scheme, a policy-holder will get a fixed amount at the end of the term, irrespective of any claims. The policy will have a maturity period of 5 years. Unlike other non- insurance schemes, it does not require renewal at the end of every year. (gs)

Comment:

The General Insurance Company (GIC) intends to launch a non- life insurance policy for the first time in India.

Product introduction, Insurance NEC, Other Direct Insurance (except Life, Health, and Medical) Carriers, Insurance, General Insurance (India)

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GLOOMY BUT CREDIBLE

Article Abstract:

The savings rate, which was earlier projected at over 26 percent of gross domestic product for 1998-99, has been revised downwards by almost 2 percentage points. The savings rate has declined from 25.4 percent in 1994-95 to 24.8 percent in 1997-98 while investment rate has come down from 25.4 percent to 24.8 percent. The average investment rate for the Eighth Plan period is about 24-25 percent and this has generated average GDP growth of nearly 7 percent per annum. (khr)

Government revenues

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