India needs to add USD 4 tn in bank capital to meet 'Viksit Bharat' GDP target: Report

India's banking sector needs USD 4 trillion in capital over the next twenty years to achieve its goal of becoming a developed economy by 2047, according to a report by HSBC Mutual Fund. To support this growth, financial assets must grow 19 times, and banking assets 14.5 times from their current values, significantly boosting economic expansion.