Without savings there cannot be investment!

Savings is the main raw material for investment. Without savings you won’t be able to invest and create wealth. If you are not saving enough conversely it also implies that you need to allocate sufficient resources towards investment. By maintaining an adequate savings cushion, you are better equipped to weather financial uncertainties and avoid compromising your long-term investment plans. In most Indian families there might not be financial literacy (knowledge about personal finance or investment products) but savings is very much embedded in our culture irrespective of economic class.