The household savings ratio (on SNA basis) was more than 20 percent in the mid-1970s, but declined to around 10 to 15 percent by the end of the 1980s.
1  Note: Caveat Venditor: A Latin term meaning “let the seller beware”, in contrast to the more widely known saying caveat emptor (let the buyer beware). The principle of caveat venditor cautions that the seller is responsible for any problem that the buyer might encounter with a service or product  BIS central bankers’ speeches  1  Recent steps by RBI 4.