DOES SAVING KILL RECESSION?

           

 Not that India is untouched by double dip recession ,which took several countries by storm in recent years.But the matter of fact is , that Indian economy is not only booming but also 'living for future' has played an imp role in stability of the country. The difference i see between Indians and people of other nations is, that most Indians live for their generations,they try and save as much as possible for their generaions to come rather than spending on luxury holidays. Rarely do we see,a boy leaving home when he is 18 which is a norm in other countries, nor  i have seen ,the love for gold in other nations, that Indian women have, which is  considered security of a woman. Right from the beginning when a girl child is born the parents start saving for her marriage and a substantial amt of which is spent on jewellery,which is given to her in form of dowery.In the times of financial disasters ,i have seen several women raisig funds by selling off or mortgaging their jewellery for cash flow.This Diwali i did not see many people going , for extravegant shopping but they bee lined the jewellery shops and bought gold. which has given good return in past few years and is being considered the safest investment . Indians,living abroad are disliked by natives,for sending their savings back home ,to their country rather than spending all their earnings over there.At times i wonder,how did Indians get ito this habit of saving,i myself have been critical about custom of securing the generations but after looking at the situation of most of the countries during recession ,i am forced to change my opinion.I am not trying to say that saving kills recession,as recession has wider meaning but it certainly helps us sail through bad times.