Infrastructure is central to India's ambition of becoming a USD 30 trillion economy by 2047. Meeting that ambition calls for INR 680–770 trillion of infrastructure investment over the same period. The pattern of infrastructure demand is shifting significantly in comparison to the past, and the financing playbook that helped the development over the last decade will not naturally extend to the sectors carrying the next two decades of demand.
The report dives into the structural gaps across the project lifecycle and the conditions each pool of capital needs before it can deploy at scale and highlights the substantial headroom institutional investors already hold. It builds on the steps taken in the right direction by the government and regulators, including new debt routes for insurers into operational SPVs, product-level approvals for pension investors and expanded credit-enhancement frameworks, and sets out five themes that can unlock infrastructure capital. These mainly include building a sustained project pipeline across the lifecycle, developing viable commercial models and payment structures, and widening domestic and global participation through market and regulatory enablers, among others.
