Target $10 Billion: IFC’s Massive Bet on India’s Growth Engine

The International Finance Corporation (IFC) has outlined plans to scale up its annual investments in India to USD 10 billion by 2030, marking a sharp increase from about USD 5.4 billion in 2024–25 and USD 1.3 billion in 2021–22.

The move underscores IFC’s long-term commitment to India, which remains its largest global investment destination, with a portfolio of around USD 10.3 billion as of June 2025 across equity and debt. Imad Fakhoury noted that the institution will continue to invest consistently despite global economic uncertainties, supported by India’s steady growth outlook.

Going forward, IFC’s investments are expected to focus on sectors such as renewable energy, urban infrastructure, and financial services. It has already backed institutions including Manappuram Finance, Federal Bank, and PNB Housing Finance, while also expanding its presence in real estate and agribusiness.

In addition, IFC is collaborating with state governments and urban local bodies to promote municipal bond financing, enabling cities to raise funds for infrastructure development. It has already committed USD 60 million to water and wastewater projects in Visakhapatnam, offering a potential model for wider adoption across the country.

News by Rahul Yelligetti.