Back to 1991?

Given how the sharp fall in savings, and hence investments, are responsible for the slowing economy, it is obvious all eyes will be on the fiscal deficit later today. gdp growth was the highest in 2007-08 when savings were the highest and has risen and fallen as savings rates have moved up and down. Savings cannot rise unless there is a reversal in the fall in savings of the public sector — from 5 per cent of GDP in 2007-08, this fell to 1.7 per cent in 2010-11.

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