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New Estimates of Saving and Capital Formation
Larger Numbers in a Declining Trend
The new series of national accounts statistics raises the estimates of saving and investment, but it also reconfi rms the trend of a decline in domestic saving and capital formation in recent years. Analysing available data, this note attempts to understand the statistical differences in how saving and capital formation are measured in the new series.
The authors wish to thank S L Shetty for suggestions and comments during the preparation of this note.
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