Assessment of Investment Pattern of Government Employee In Uttar Pradesh

Prof. Ajay Dwivedi , Chandra Ketu Singh

Keywords - Investment, savings, economy, civil servants, demographic factors. JEL classification: G11

The growth of an emerging economy is fueled by domestic and foreign capital investment, which is financed through domestic savings of households and financial institutions. India is one of the emerging economies and is a land of investment opportunities like stocks, bank deposits, bonds, mutual funds, post office deposits, real estate, derivatives, gold, insurance and many more. According to the Economic Survey, India's gross capital formation has reached 11.8% in 2022 from 10.7%. according to rating agency CRYSIL Bank, deposits, which represent the largest part of gross financial savings, grew by 13.5% in fiscal 2024 compared to 9.6% in the previous year. Also, the banking system's deposit rate grew faster than nominal GDP growth of 9.1% in FY2024,” “household India is also a major part of their savings, investment in the mutual fund industry grew at a faster rate in FY2024 compared to the recent past. it will increase in FY2024,” he added. Bank retail credit growth remained relatively strong at 17.7% in FY24, although it declined from 21% in FY23, but even so, pro-investment policies need to be stimulated to recover the economic slowdown in India's saving-investment ratio. An attempt is made to understand the investment pattern of Uttar Pradesh government employees as they receive a regular monthly income which can be put to good use by channelizing it into an effective investment channel. The study examined the influence of demographic factors on their investment preferences and their overall investment pattern. It is found that gender and time of investment affects their investment pattern and time of investment such as bank deposits, insurance and postal schemes and investors least prefer equity and debt instruments.

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"Assessment of Investment Pattern of Government Employee In Uttar Pradesh", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 10, page no.c523-c535, October-2024, Available :https://ijnrd.org/papers/IJNRD2410264.pdf

Volume 9 Issue 10, October-2024

Pages : c523-c535

Paper Reg. ID: IJNRD_301523

Published Paper Id: IJNRD2410264

Downloads: 00024

Research Area: Management All

Country: LUCKNOW, UTTAR PRADESH, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2410264

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2410264

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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