Households’ saving-investment deteriorated by 3 percent
of GDP in 2011/12, reflecting a 2.4 percent of GDP decline
in financial savings, and a 0.6 percent of GDP increase in
investments into valuables, primarily gold.
Financial savings have been declining since 2009/10 and
are at a decadal low level. Furthermore, households’ non-financial savings (mainly housing) have
grown rapidly in the last few years. Households’ physical saving averaged about 12¼ percent of
GDP during 1999/2000–2009/10 but rose to the average of 13¾ percent during 2009/10–2011/12.