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Determinants of Saving and Investment Pattern: A Case Study of College Teachers in Himachal Pradesh

Vol 7 , Issue 2 , July - December 2020 | Pages: 105-120 | Research Paper  

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Author Details ( * ) denotes Corresponding author

1. * Basu Garg, Assistant Professor, Commerce, Govt. College Bilaspur, Himachal Pradesh, India (

People save and investment money to secure their future and minimise uncertainty in their life. There are many demographical factors viz. income, family size, occupation etc. that can influence savings of a person. Likewise, there are different investment options such as bank deposits, postal saving, real estate, shares etc. which can be used by a person to invest his savings. Each investment option has its own merits and demerits. Some are very risky while others are moderately or less risky. Further it is also true that saving and investment are indispensable for economic development of a country, especially for a developing country like India where rate of capital formation is low. Since Himachal Pradesh is a vibrant state of the country and it comprises of employees of different income levels, the present study has been taken to examine the saving and investment pattern of teachers in general and college teachers in specific in Himachal Pradesh. College teachers were found to be risk-averse with majority of college teachers adopting less risky pattern of investment portfolio. Also, there was no significant correlation found between selected demographic variables  and pattern of investment.


Saving, Investment, Risk , Return, Economic development.

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