Average Indian saves more than the average American

Episode 46,   Oct 27, 2018, 10:25 AM

While the average Indian may be earning far lesser than what an average American may be making, it is the common man of India that saves at least 8 percent more than an average American. And this Indian goes and puts this money into the National Savings Fund Scheme. But how does the government return this favour? It uses this money to invest in a bankirupt company like Air India which is precisely what one may call dumping the money of the average Indian. How is it fair? Mr. Sujit Nair, Managing Editor of HW News Network and Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance share their insights and takes on the matter.