Three reasons why India’s household savings are low despite a huge working-age population
[ad_1] India’s demographic dividend of a large, youthful workforce is being unsettled by a troubled trend: even as the share of working-age Indians climbs to record highs, household savings have fallen to their lowest level in nearly two decades. This puzzle strikes at the heart of an influential economic theory. In 1985, Franco Modigliani won … Read more