India Needs Cheaper Capital. Indian Households Could Hold the Key | Puja Mehra | 30 Sept 2026 | The Core

1. Executive Briefing (TL;DR)

• National Prosperity & Productivity Nexus: Long-term economic growth hinges on elevating labor productivity via technology and capital formation, requiring both high-quantity and high-quality investments across physical infrastructure, education, and healthcare [00:01:06].
• Structural Domestic Savings Imbalance: Indian households act as the sole net-saver sector (~21% of GDP within a ~35% total domestic savings rate), funding corporate and government deficits. However, two-thirds of household savings remain locked in non-productive physical assets (real estate, gold), with net financial savings hovering around 7% of GDP [].