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India looks to domestic savings to enhance economy's potential

Savings rate hits a decade low of 31 per cent of GDP, making the country more vulnerable to fund outflows

Mumbai

WHILE Indian Prime Minister Narendra Modi has racked up thousands of air miles seeking to woo foreign investors, tapping funds at home is just as crucial.

India's savings rate is at a decade low of 31 per cent of gross domestic product, weighed down by sputtering growth and