Savings Rate in India

The Wonderland

Equity, which is the asset we keep harping upon as a wealth creator, does not even find a place as a distinct investment avenue in this survey. It is part of “Others”. And, the part of the population that needs to aggressively create wealth has the least exposure to “Others” – the bulk is in wealth destroyers like savings bank accounts and fixed deposits. As to what is being sold in the name of Insurance is anybody’s guess!