Consider the following statements regarding Household Savings in India:
1. Household savings rate is expressed as ratio of household savings to GDP.
2. Households’ physical savings in India have risen in the post-pandemic years to over 12% of GDP.
3. Net financial saving of households has halved from its level in 2020-21 due to a shift from financial assets to physical assets such as housing.
Which of the above statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2, and 3