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Which of the following is a reason for a drag on household savings in India over the last few years?

1. Increasing consumerism
2. Entrenchment of urban lifestyle
3. Easier availability of credit
4. Improvement in overall macroeconomic conditions

Correct answer: Improvement in overall macroeconomic conditions

Solution

The first three options can weaken household savings by encouraging spending or borrowing. Improvement in overall macroeconomic conditions generally supports better saving behavior, so it is not a drag on savings.

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