India will need Rs 168–172 trillion in infrastructure investment through FY31, but projects worth Rs 78–80 trillion are yet to enter the announced pipeline, according to a joint report by the National Bank for Financing Infrastructure and Development (NaBFID) and Boston Consulting Group (BCG).
The report, titled ‘Channelizing Domestic and Global Capital for Infrastructure Financing’, said Rs 38–40 trillion of the required investment has already been financed, while projects worth Rs 31–32 trillion are awaiting financial closure. Another Rs 21–22 trillion is currently classified as stalled.
Looking further ahead, India’s infrastructure investment requirement could reach Rs 680–770 trillion by 2047. The report said meeting this demand will depend on creating bankable projects and matching them with suitable sources of domestic and global capital.
Only 34–36% of the infrastructure investment requirement between FY26 and FY47 falls in sectors with established and bankable financing models, the report said. Meanwhile, sectors such as metro rail, water supply, irrigation and new railway lines account for 55–57% of the requirement but often lack standalone financial viability despite their wider economic and social benefits.
