India witnessed a remarkable surge in investment project announcements during the January-March quarter of FY25, amounting to ₹18.9 trillion, compared to ₹19.4 trillion announced in the first three quarters combined of FY25 (April-December). According to the Bank of Baroda report, this growth reflects strong contributions from private companies and both central and state governments, culminating in a total investment of ₹38.3 trillion for FY24-25.
The report analyzed a sample of ₹36.3 trillion worth of projects, representing 95 percent of total investments. Government-led projects accounted for ₹11.1 trillion, while private companies contributed ₹25.2 trillion, with ₹2.6 trillion announced by foreign firms and ₹22.6 trillion by domestic firms. Among government projects, the central government alone announced ₹7.4 trillion worth of investments, representing 67 percent of the total government-driven initiatives, while state governments and local bodies contributed ₹3.7 trillion.
A significant portion of central government investments, 91 percent, targeted five key sectors: renewable electricity, road transport, refineries, conventional electricity, and shipping, collectively worth ₹6.8 trillion. Renewable electricity led the investments, totaling ₹2.7 trillion and generating at least 12,555 MW of power. Other focus areas included chemicals, steel, railways, minerals, housing, commercial complexes, fertilizers, health, and education.
State-wise allocations saw the largest investments in Chhattisgarh with ₹1.4 trillion, followed by Odisha with ₹800 billion. Road transport received substantial funding, with ₹670 billion allocated to Rajasthan for 28 flyovers, ₹500 billion directed to Assam for 1,647 km of road construction, and ₹250 billion for Meghalaya to build 136 km of roads.
Refineries accounted for ₹1 trillion of government investment, with a capacity addition of 600 MW. Conventional electricity projects received ₹99.376 billion, with Bihar claiming ₹80 billion for its initiatives. Shipping projects overwhelmingly benefited Gujarat, with ₹58.75 billion in investments out of a total ₹62.12 billion, followed by Assam, Karnataka, Kerala, and Tamil Nadu.
The data underscores India’s strategic focus on infrastructure development and renewable energy, positioning the nation to address growing economic demands and long-term sustainability goals. Investments from both public and private sectors continue to play a pivotal role in driving progress across industries and regions.
