FIN-TECH ENABLED IMPETUS TO CAPITAL FLOWS IN MUTUAL FUND INVESTMENTS- AN EMPIRICAL STUDY

  • K.M.POORNIMA et al.

Abstract

            The economic survey tabled in parliament on 4th July 2019 clearly indicated focused efforts to become a $5 trillion economy by 2024. The survey also highlighted private investment as a catalyst to propel growth and achieve higher levels of employment and domestic savings. The available data shows that currently the domestic savings to GDP stands at 30.5% of which 29.2% is channelized into various investment avenues. Although this is a fairly good rate, it is much less compared to 45% domestic savings in China of which 44.6% flow into investment avenues. Hence it is essential not only to stimulate high rate of savings but also make sure that they find their way into productive channels of investment to bring about 8% growth rate to begin with and move towards a double digit growth in the next couple of years. The household savings have declined from over 15% in 2016-17 to 12% in 2018-19 but, the rate of investments accounted for more than 85% of the savings.

Published
2019-12-21
How to Cite
et al., K. (2019). FIN-TECH ENABLED IMPETUS TO CAPITAL FLOWS IN MUTUAL FUND INVESTMENTS- AN EMPIRICAL STUDY. International Journal of Advanced Science and Technology, 28(17), 807 - 816. Retrieved from http://sersc.org/journals/index.php/IJAST/article/view/2429