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During the post liberalization decade, from 1993-94 to 2003-04 the average annualized growth rate of India’s Gross Domestic Product was a little above 6% and has arguably since crossed the 7% mark on a long term basis. This has brought about a considerable increase in India’s personal disposable income. As a result, both saving and consumption expenditure in the household sector has had considerable growth. During 2003-04, India’s total personal disposable income was Rs. 23,585 billion and 24.6% of this income was directed into savings by the household sector. By 2008-09, our estimates show that India’s total annual personal disposable income has grown to Rs 36,059 billion (about 52% being urban) and the annual savings have grown to Rs 9,239 billion, at present.