New Delhi, Feb 24 : The Centre’s asset monetisation drive under the National Monetisation Pipeline (NMP) 2.0 is projected to raise India’s GDP by nearly ₹40 lakh crore over the next five to ten years, according to a report by NITI Aayog.
Launched by Finance Minister Nirmala Sitharaman, NMP 2.0 seeks to unlock value from existing public assets and channel the proceeds into fresh infrastructure creation, thereby stimulating investment and economic expansion.
The report estimates that the Central Government could mobilise around ₹4.6 lakh crore through asset monetisation between FY26 and FY30. Of this, nearly 70% about ₹3.2 lakh crore is expected to be directly deployed in publicly funded infrastructure projects.
The remaining ₹1.4 lakh crore is likely to be invested through Public-Private Partnership (PPP) models. With an assumed leverage ratio of 1:2, this segment alone could potentially generate investments worth ₹4.2 lakh crore, subject to favourable financial conditions.
In addition, proceeds of approximately ₹1.6 lakh crore accruing to Public Sector Undertakings (PSUs) are expected to amplify capital expenditure. Leveraged effectively, this could translate into investments of nearly ₹4.9 lakh crore, further strengthening infrastructure development.
Overall, the report suggests that ₹6.2 lakh crore in combined Central and PSU proceeds could catalyse infrastructure investments of around ₹12.2 lakh crore.
Applying a capital expenditure multiplier of 3.25 to this investment outlay, NITI Aayog projects a cumulative GDP impact of about ₹40 lakh crore over the medium term.
NMP 2.0 has set a monetisation target of ₹16.72 lakh crore across 12 sectors during FY26–FY30, including an estimated ₹5.8 lakh crore in private sector participation.
The policy think tank underlined that the expanded asset monetisation framework is designed to accelerate infrastructure creation, deepen private sector involvement, and enhance long-term growth prospects by improving capital deployment and asset efficiency.