Economy News
India needs $8 trillion new greenfield assets to be $5 trillion economy by FY27: Report

India will need USD 8 trillion (around Rs 588 lakh crore) of gross capital formation or new greenfield assets to become a USD 5 trillion (around Rs 368 lakh crore) economy by FY2027, a report said. The report by Deloitte said despite the COVID-19 disruption, FDI inflow into the country provides necessary optimism and display underlying strengths of the Indian economy. In FY2020-21, FDI inflows (including equity, re-invested earnings, and capital) amounted to a record USD 81.72 billion, 10 per cent higher than the previous financial year, it said.

News Source:- https://www.financialexpress.com/economy/india-needs-8-trillion-new-greenfield-assets-to-be-5-trillion-economy-by-fy27-report/2330224/