Savings and Investment for Personal Income as Well as Nation Building
DOI:
https://doi.org/10.5281/Keywords:
Savings and Invest, Time Value of money, depositor, NIFTY, mutual fund, budgeting, stock exchange, share market, SEBI, investor protection fund, economic growthAbstract
This article enables a common man to understand the significance of savings and investment. It mentions various investment schemes and compares them. It will guide one who desires to save and invest. Such knowledge helps individuals in their financial planning, which impacts positively on national as well as on global economy. It also familiarizes one with rich economy and economic activities of ancient India and shows how India is gradually becoming an economic superpower.
References
Pradeep Kumar Gautam, Kautilya’s Arthashastra and Chanakya Niti, Journal of Defence Studies, Vol 17, No 1, Page 137-146
Ajit Kumar Kole, Personal Communication to Swapan Kole (One of the authors).
Wikipedia, Economy of India, Last edition on 23rd March 2024.
Joydeb Sarkhel, Macro Economic Theory - Book Syndicate (P) Ltd.
Samuelson & Nordhaus, Macroeconomics – adapted by Sudip Chowdhury, 20 Edition, Mc Graw Hill India, and ISBN-13: 978-93-5460-113-2.
Dornbusch, Fischer & Startz, Macroeconomics –TMH.
Majumdar, Ali, Nesha, Basic Concept of Financial Management - ABS Publishing.
Bhadra and Satpati, Financial Management –Dishari Prakashani.
Prasanna Chandra, Financial Management Theory & Practice –Mc Graw Hill.
R.P. Rustagi, Fundamentals of Financial Management –Taxmann Publication Pvt. Ltd.
https://www.etmoney.com/learn/mutual-funds/elss-mutual-funds