new delhi reliable and easily accessible financial saving opportunities can help boost total savings and reduce attractiveness of alternatives like gold the economic survey 201213 has said a greater variety of reliable financial savings opportunities such as inflationindexed bonds and relative ease of access to them could also help increasing the share of financial savings in total savings reducing attractiveness of alternatives like gold the survey tabled in parliament today said it pointed out that acquisition of gold by households in the country tends to have a negative impact on savings and on household financial investments household savings will also have to be raised and the financial savings of the household sector are likely to improve with lower inflation especially as the real rate of return on financial savings rises it said in view of fall in gross capital formation and domestic savings during precrisis 200708 and 201112 increasing domestic savings is the fastest way of increasing investments without putting pressure on the current account balance the survey said the gross fixed capital formation has fallen by over 2 percentage points between precrisis 200708 and 201112 and the gross domestic savings have fallen by about 6 percentage points over the same period the survey also said that a large part of the future increase in savings will have to come from increased public savings and this will entail gradually reducing the central governments fiscal deficit from 58 per cent in 201112 to the 3 per cent projected for 201617 according to the data available the gross domestic savings as percentage of gross domestic product gdp at current prices came down to 308 per cent in 201112 from 34 per cent in the previous fiscal the household savings which constitutes three fourth of the total domestic savings was 222 per cent of gdp in 201112 down from 235 per cent from previous fiscal similarly the financial savings was 8 per cent of gdp in 201112 down from 104 per cent in 201011 the public sector savings also remained low at 13 per cent of gdp in 201112 compared to 26 per cent in 201011 the private corporate sector savings also came down to 72 per cent of gdp level from 79 per cent in the previous fiscal however the saving in physical assets increased to 143 per cent of gdp in 201112 from 131 per cent in 201011 the private sector savings too were down at 295 per cent 201112 from 315 per cent in 201011