Return of asset building

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 This is especially important at a time when an economy is undergoing structural reforms because the composition of savings goes through considerable change during this period as inter-asset substitutability options open up.

 The latest annual report of the Reserve Bank of India (RBI) gives the data on household savings which forms the largest component of aggregate savings in India. The savings of households, which includes non- corporate enterprises, are broken up into savings in physical assets and financial assets.

 The latter consists of currency holdings of households, deposit holdings of banks and non-bank companies, life insurance fund, provident and pension funds, the UTI and other financial institutions, claims on government consisting of net purchases of bonds and small savings assets by households, and the net purchases of shares and debentures by households.

 This data can be usefully mined to understand the preference structure