Indians save 27% of income: DSP BlackRock

Indians are better than their global peers when it comes to savings and investment (asset allocation).

According to an investor pulse survey conducted by DSP BlackRock Investment Managers, Indians save 27 per cent of their household income and invest 25 per cent. Payment for their mortgage, utilities and rent constitutes 25 per cent while the remaining 23 per cent is left over for spending. In contrast, the global average out of the household income for savings is 20 per cent, investments are 17; monthly outgo for bills, rentals and mortgages 32 per cent and money to spend 31 per cent.

According to the study, 81 per cent of Indians are positive about their financial future against the global average of 56 per cent. There is a feeling of the domestic economy getting better with the new government in place as against the global average of 22 per cent.

There is confidence on paying off credit card outstanding, children’s education and paying off mortgages while generally sustaining their wealth levels, the survey said.

Top concerns among Indians include high cost of living, inflation, healthcare costs and energy prices.

BlackRock surveyed 27,500 people across 20 markets on their attitudes towards savings and investments.

The gleanings showed that Indians feel in control of their finances and want to invest more. They are active investors but look for safe and consistent returns. .