Inflation in India is north of 7% so that kind of savings rate isn't great. It's worse than the 0% savings/1.7% inflation we have in the U.S.
If there were no saving, the money would have been spent/stolen/taken almost for certain. I can understand the feeling of the boy who saved ₹4000 in 7 months. Given the living standards and challenges these children face, it would have impossible to have even a quarter of that left over in 7 months.
Edit: added the rupee symbol