Step up infrastructure credit flow, India requires $4.5 trillion growth capital: PFRDA

India would need $4.5 trillion in infrastructure investment by 2030 to sustain its growth ambitions, Pension Fund Regulatory and Development Authority (PFRDA) chairman Sivasubramanian Ramann said, seeking deeper capital markets commitments to such projects.

“Infrastructure investments have a multiple effect on economic growth,” Ramann said at an infrastructure conference organised by state-backed financier NaBFID. “The estimate of the NITI Aayog and the World Bank says that India requires about $4.5 trillion of cumulative infrastructure investment until 2030 to sustain the growth trajectory that we are wishing to achieve.”