Open AccessSaving and Investment Pattern of Rural Households of Himachal Pradesh
Author(s) -
Sharif Mohd,
Om Prakash Verma
Publication year - 2018
Publication title -
pragati: journal of indian economy/pragati : journal of indian economy
Language(s) - English
Resource type - Journals
eISSN - 2395-261X
pISSN - 2347-4432
DOI - 10.17492/pragati.v5i2.14377
Subject(s) - investment (military) , business , rural area , demographic economics , socioeconomics , economic growth , economics , politics , political science , law , medicine , pathology
Investment is one of the foremost concerns of every individual investor as their small savings of today are to meet the expenses of tomorrow. The savings and investments pattern by the people vary from person to person and even with same person during two periods due to difference in motives. The present paper explains different reasons of savings and investment, awareness level and association between demographic factors and awareness level among rural households of Chamba district. 100 samples were used to examine the objectives of the study. Investors have given less importance for their old age requirements and unexpected contingencies and bank deposits still hold higher priority among institutional investments in rural area are the major findings of the study.