Household savings is the key determinant of economic development by inducing domestic savings and ultimately investment. It also leads to high employment, industrial growth, improvement in quality of products; stabilize prices and higher GDP growth rate. The present study is an attempt to examine various factors influencing saving behavior among lower, middle and higher income groups; and Rural and Urban regions. In this study, primary source of data is collected through random sampling technique. Ordinary Least square method is employed and econometric problems are also removed from the...
Household savings is the key determinant of economic development by inducing domestic savings and ultimately investment. It also leads to high employm...