₹643 Lakh Crore In Equity Mobilisation Needed By 2036: SBI Chairman

For a targeted growth of 8-9% by 2036 in the first phase of the ‘Viksit Bharat’ mission, India will have to raise its investment rate to 35%. This is nearly 200 basis points more than the current level. Speaking on the issue of ‘Capital For Growth’ at Samvad - A Symposium on Securities Market, C S Setty, Chairman of the State Bank of India, said that to achieve this, domestic savings will have to increase by 350 basis points to 33.5% by 2036 and massive investments in the capital markets by the young generation. He added that to hit the target of 35% investment, an additional ₹127 lakh crore will have to be ploughed into the corporate bond market, ₹323 lakh crore will have to be raised from banks and a whopping ₹643 lakh crore will have to be mobilised from the equity markets.