The International Finance Corporation (IFC) has announced plans to scale up its annual investments in India to $10 billion by 2030, focusing on sectors such as renewable energy, urban infrastructure, and financial services. Currently, IFC's investments in India have surged to approximately $5.4 billion for the financial year 2024/2025, up from $1.3 billion in 2021/2022. Imad Fakhoury, IFC's South Asia regional director, emphasized the organization's commitment to India, despite global uncertainties. As of June 2025, India represents IFC's largest investment destination, boasting a portfolio worth $10.3 billion across various sectors. Additionally, IFC is in discussions with Indian states to invest in municipal bonds aimed at funding public infrastructure projects. This initiative includes a recent commitment of $60 million for water and wastewater projects in Visakhapatnam, marking a significant step in developing the municipal bond market in India.