India Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
India's gross savings was 31.51% in 2025, ranked 25th globally. This represents a 4.1% increase from 2024. Data from World Bank, covering 1975–2025.
Overview
India's gross savings stood at 31.51% in 2025, a rise of +1.25% from 2024. The IMF projects 31.51% by 2025. India ranked 25th globally.
India's gross savings rate has exhibited a mixed trend over the past five decades. Starting from a low of 13.10 in 1975, the rate peaked at 37.01 in 2007 before declining to 31.51 in 2025. This represents a significant decline from the all-time high, placing India at rank #25 globally in terms of gross savings. Compared to its peers, Ireland's gross savings rate of 32.14 is relatively close, while Cambodia's rate of 31.06 is comparable. In contrast, Sweden's gross savings rate of 31.03 is slightly lower. The decline in India's gross savings rate may be attributed to various factors, including changes in government policies and economic conditions. To reverse this trend, the Indian government may need to implement policies that encourage domestic savings and investment, such as increasing interest rates or introducing tax incentives.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 30.54% | - | - |
| 2029* IMF | 30.56% | - | - |
| 2028* IMF | 30.68% | - | - |
| 2027* IMF | 30.82% | - | - |
| 2026* IMF | 30.95% | - | - |
| 2025* IMF | 31.51% | - | - |
| 2025 | 31.51% | +1.25% | #25 |
| 2024 | 30.27% | −2.38% | #33 |
| 2023 | 30.94% | −0.68% | #40 |
| 2022 | 29.81% | −1.08% | #47 |
| 2021 | 29.87% | +0.05% | #45 |
| 2020 | 28.68% | −0.55% | #39 |
| 2019 | 29.70% | −0.53% | #46 |
| 2018 | 31.41% | +2.26% | #37 |
| 2017 | 31.71% | +2.16% | #32 |
| 2016 | 31.73% | +0.66% | #23 |
| 2015 | 32.45% | −0.50% | #26 |
| 2014 | 33.47% | +1.18% | #30 |
| 2013 | 34.30% | +0.76% | #28 |
| 2012 | 35.26% | −0.14% | #31 |
| 2011 | 35.13% | −1.80% | #30 |
Detected Pattern
Analysis
India matched the Fiscal Dominance Trap pattern in 2010. Historically, 72% of countries showing this pattern (278 out of 386) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
India's gross savings was 31.51% in 2025. Ranked 25th globally. This represents a 4.1% increase from the previous year.
India's gross savings peaked at 37.01% in 2007.
The lowest gross savings in India was 13.10% in 1975.
India ranks 25th globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
India's gross savings is projected to reach 31.51% by 2025 based on IMF projection.
The gross savings of India in 2025 was 31.51%. This ranks 25th in the world.
Cite this page
@misc{historysaid_india_gross-savings,
title = {India Gross Savings},
url = {https://historysaid.com/india/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}