In more recent years, decline in savings in physical rather than financial assets has dragged overall household savings
Rate of savings (% of GDP)
Household savings in financial assets (as % of GDP)
Household savings in physical assets* (as % of GDP)
The savings in physical assets here do not include household savings is gold or silver. In the new series, gold and silver ornaments acquired by the households are treated as savings of households in the form of valuables.
