According to a recent survey, 78 percent Indian employees feel they should save more for retirement. The report revealed that emerging economies like India and China witness a much higher savings rate compared to the western counterparts like the US and the UK. Indian employees have the second highest savings rate at 16 per cent, second only to China.The report further revealed that 71 per cent of people, who have retirement plans, think they are under-saving relative to what they ideally should save. Saving for retirement has appeared as the top financial priority for those above 50 and also amongst the top three across all age groups. It also found that Indian employees would rather save more than extend their retirement age.