India Private Credit Could Reach USD 100 bn By 2050

20 Jul 2026 CW Team

Khara said the sector currently contributes about 0.6 per cent of gross domestic product but has recorded strong growth as participants gain experience and systems evolve. He noted that expansion is supported by the rapid growth of family offices and ultra-high-net-worth individuals (UHNIs) seeking alternative asset classes, which has widened the pool of available capital. The evolving investor base and heightened professionalisation of managers were cited as central to scaling private credit.

On governance and oversight, Khara indicated that trust remains fundamental to the financial sector and that private credit, being relatively new, will have to earn the confidence of both investors and regulators through responsible conduct as it scales. He observed that authorities are taking a calibrated approach to regulation and that the likelihood of reforms will increase as the market demonstrates maturity and as policy makers engage in debate. Drawing a contrast with overseas markets, he judged India to be in a comfortable position relative to the risks seen in the United States and said regulators continue to monitor developments closely.

Khara also said the NPS Trust is developing a framework to enable pension fund managers to invest in private credit and indicated that the initial process of inviting and screening applications is expected to begin by September. He presented the move as part of broader efforts to create regulated channels for institutional capital while maintaining investor protection. The chairman characterised the industry as promising but one that will require sustained diligence to realise the long-term potential.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Dinesh Kumar Khara, chairperson of the National Pension System Trust (NPS Trust), projected that India's private credit industry could expand to USD 100 billion (bn) by 2050 from the current USD 25-30 billion (bn), and set out the estimate at an industry event in Mumbai. He delivered the forecast at the IVCA Private Credit Summit and framed the growth as contingent on deeper capital pools and maturing market participants. The projection was presented as a long-term outcome rather than an immediate expectation. Khara said the sector currently contributes about 0.6 per cent of gross domestic product but has recorded strong growth as participants gain experience and systems evolve. He noted that expansion is supported by the rapid growth of family offices and ultra-high-net-worth individuals (UHNIs) seeking alternative asset classes, which has widened the pool of available capital. The evolving investor base and heightened professionalisation of managers were cited as central to scaling private credit. On governance and oversight, Khara indicated that trust remains fundamental to the financial sector and that private credit, being relatively new, will have to earn the confidence of both investors and regulators through responsible conduct as it scales. He observed that authorities are taking a calibrated approach to regulation and that the likelihood of reforms will increase as the market demonstrates maturity and as policy makers engage in debate. Drawing a contrast with overseas markets, he judged India to be in a comfortable position relative to the risks seen in the United States and said regulators continue to monitor developments closely. Khara also said the NPS Trust is developing a framework to enable pension fund managers to invest in private credit and indicated that the initial process of inviting and screening applications is expected to begin by September. He presented the move as part of broader efforts to create regulated channels for institutional capital while maintaining investor protection. The chairman characterised the industry as promising but one that will require sustained diligence to realise the long-term potential.

Infrastructure Transport

20 Jul 2026

Uttar Pradesh Accelerates National Highway Projects

Uttar Pradesh Chief Minister Yogi Adityanath met Union Road Transport and Highways Minister Nitin Gadkari to review National Highway and road infrastructure projects. Officials from the National Highways Authority of India presented progress updates and proposals. Ministers directed acceleration of land acquisition, forest clearances, utility shifting and other formalities to expedite delivery. Officials said that since 2014 about 10,204 kilometres of National Highway projects have been awarded and nearly 9,329 kilometres completed, with 606 kilometres approved and 1,010 kilometres completed b..

Infrastructure Transport

20 Jul 2026

NHAI Completes Repairs at 33 of 40 Spots Along Gurugram NH-48

The National Highways Authority of India has rectified 33 of 40 deficient locations along an 11km stretch of the Delhi–Gurugram NH-48 corridor, following a joint inspection by the authority, the Municipal Corporation of Gurugram and the Gurugram Metropolitan Development Authority. The audit identified damaged footpaths, crash barriers, inadequate lane markings and poor sanitation at multiple points between Rajiv Chowk and Signature Towers. Repairs and maintenance works have been carried out over May and June as part of the exercise. The report noted broken crash barriers and roadside litteri..

Infrastructure Urban

20 Jul 2026

Mankhurd Maharashtra Nagar Flyover To Open By August 2027

The Brihanmumbai Municipal Corporation has said the Mankhurd-Maharashtra Nagar flyover will be operational by August 2027, as part of measures to ease congestion in the eastern suburbs. The structure will provide a direct link from the T Junction on the Sion-Panvel highway to the existing Ghatkopar-Mankhurd Link Road. The T Junction is one of the major traffic choke points in the eastern suburbs and records heavy flows of vehicles travelling to and from Navi Mumbai and Pune. Motorists currently spend more than 15 minutes at the signal during peak periods, according to civic data, prompting the..