Statement : There has been a sharp decline in savings rate in Indian economy between 2007-2008 to 2015-2016.
Statement II : There has been a fall in household and public savings.

Options

A. Both the statements are individually true and Statement II is the correct explanation of Statement I
B. Both the statements are individually true but Statement II is not the correct explanation of Statement I
C. Statement I is true but Statement II is false
D. Statement I is false but Statement II is true