To achieve an annual economic growth of 8%, India needs an investment rate of 36% of gross domestic product (GDP), the Pension Fund Regulatory and Development Authority Chairman Deepak Mohanty said on Tuesday. “As we aspire to be a high–income country over the next 25 years, we need to be growing on an average of around 8% per annum. This will require commensurate levels of investment,” Mohanty said addressing the CII Financing 3.0 Summit in Mumbai. In the first quarter of FY25, the gross fixed capital formation (investment) rate was 34.8% of GDP. Indian economy grew by 8.2% in FY24 and is projected to grow around 7% in FY25.