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NaBFID CEO: Private capital must fill India's $770 lakh crore infra gap
India needs Rs 770 lakh crore in infrastructure over 20 years. NaBFID's CEO says private capital must fill the gap that government budgets cannot cover.
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India needs infrastructure investments of nearly Rs 770 lakh crore over the next 20 years, a sum that cannot be covered by government budgets alone, according to Rajkiran Rai, managing director and chief executive of the National Bank for Financing Infrastructure and Development (NaBFID).
Rai said private capital will need to take on a much larger share of the funding burden. The statement comes as the government pushes to expand roads, ports, power grids, and digital infrastructure to support a growing economy.