Dream2be

It has been a little over a year since I have lived in US now, and one cannot help but notice the cultural differences in terms of finance between India and US. This seems to put the two countries on opposite ends of scales in terms of savings or more specifically, house hold savings. And some of my recent visits to the bank, resulted in some raised eyebrows at the amount in my checkings/savings account. In my opinion, I am not that very consious about my spending and savings. If my father were to look at my cash flow and balance sheet every month, I am sure to get an earful of scolding and advice. Thus, it roused my interest, and I did a bit of research.
Statistics

A little search, and scan of the public documents provided me with these details

Read rest of the story at : http://kmaheshbhat.com/blog/household-savings-india-and-us