India needs $8 trn in greenfield assets to become $5 trn economy: Deloitte

Says country can aim to attract greater FDI into seven capital-intensive sectors that have contributed $181 billion of merchandise exports in FY21

India needs $8 trillion of gross capital formation in greenfield assets to become a $5 trillion economy by FY27, a report by Deloitte said. To achieve this, the economy will need at least $400 billion, cumulatively, over six years, in foreign direct investment, it said. 

It said the country can target attracting greater FDI into seven capital-intensive sectors—Textile & Apparels, Food Processing Industry, Electronic Goods, Pharmaceuticals, Vehicles & Parts, Chemicals & API, and Capital Goods—that have contributed $181 billion of merchandise exports in FY21.

According to Deloitte, India can target an additional $1 trillion of merchandise exports in the next