New Delhi, Oct. 16 -- India's aspiration to become one of the largest and fastest-growing economies in the world depends on how effectively it channels household savings into productive assets, according to a report by Elara Securities.

The report highlighted that the structure of household savings in India is undergoing a major transformation, supported by favourable demographics, government reforms, economic policies, and a robust digital public infrastructure.

These factors, it said, are expected to drive a definite shift in how Indian households save and invest in the coming years.

It stated "India's aspiration to be the fastest growing economy while becoming one of the largest economies depends on directing household savings into ...