Indian Consumers Spending

WSJ writes: “Unlike consumers in another emerging Asian giant, China, Indians appear more inclined to spend than save. One telling indicator is that India’s gross national savings rate, or how much people earn over what they spend, is 26%. Although that is high compared with what Americans save, it is low relative to other Asian countries and about half China’s rate. This trend has raised hopes that India will play a bigger role in stoking global demand, joining Japanese and Europeans in shifting the burden from the American consumer.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.