Preserving the value of savings Till as late as 10 years ago, we had a fairly long period high inflation and interest rates; many persons planned their savings for old age, assuming that these rates would continue for long. The drop in rates after 1998 led to decline in returns for the retired who were dependent on interest income.
Real GDP grew by 6.5 percent in the second quarter of 2017, making us one of the fastest growing economies in Asia. This also extends our streak of uninterrupted growth for 74 consecutive quarters. Let me stress that beyond the nominal numbers, we also emphasize the quality of growth.