India needs to add USD 4 trn in bank capital to meet 'Viksit Bharat' GDP target: Report
New Delhi [India], February 11 (ANI): India's banking sector will need to raise USD 4 trillion in capital over the next two decades to support the country's goal of becoming a developed economy, or 'Viksit Bharat,' by 2047, according to a report by HSBC Mutual Fund.
The report highlighted that for India to achieve its ambitious target, its financial and banking assets must grow at a much faster rate than GDP. The