How India Earns, Spends and Saves

I found many interesting points in this article ..

Few like -

• India saves but does not invest
• India saves for long-term goals such as emergencies, education and old age.
• The average household savings are Rs. 16,139 (is that true?? show me the moneyyyy)

And few scary one's...

• Financial vulnerability is not limited to poor households; even prosperous households are financially vulnerable.
• Wise savers but unwise investors
• The study found 96 per cent of the households cannot survive beyond a year on their current savings in case of loss of income due to some eventuality such as death or disability of the chief earner.

Read the full survey here.