subaggregates we construct an overall aggregate of financial savings in India …In India, the pace of financial innovation was relatively slow until the initiation of the financial liberalization … in significant substitution among them. Hence there is a need to develop an aggregate measure of savings that would more …

-collected data of 650 individuals from the matrilineal state of Meghalaya, India, and exploring household's distance to the … enhancing goods, such as food, but are less likely to have savings left at the end of the month. Our paper contributes to the …