Re:We’re not going to have a jobless recovery. We’re going t...
by wallflower on Saturday August 06, 2011 @09:11PM
(#2855345)
> Average personal savings rates in India and China was: 30% and 50%
Yes, but if you take into account the 9% inflation in India, the savings might be a net loss.
As was pointed out to me earlier in another HN discussion, the only reason why the Indian government guarantees a seemingly too good to believe interest rate of 9% for the savings accounts of their senior citizens is because that rate cancels out inflation.
Yes, but if you take into account the 9% inflation in India, the savings might be a net loss.
As was pointed out to me earlier in another HN discussion, the only reason why the Indian government guarantees a seemingly too good to believe interest rate of 9% for the savings accounts of their senior citizens is because that rate cancels out inflation.