Asset monetisation under NMP 2.0 to boost India’s GDP by Rs 40 trillion over next 5-10 years

The government’s asset monetisation initiative under the National Monetisation Pipeline (NMP) 2.0, launched by the centre, is expected to increase India’s GDP by approximately Rs 40 trillion over the next 5-10 years.  The government plans to monetise more than 2,000 assets across 12 ministries, with an overall revenue potential of Rs 16.7 trillion. Of this, Rs 10.8 trillion is expected to be realised between 2025-26 and 2029-30, with the remaining flowing in subsequent years. Coming on the back of NMP 1.0, which mobilised Rs 5.3 trillion, or 90 per cent of its Rs 6 trillion target, NMP 2.0 is both a scaling-up exercise and a test of whether asset monetisation can become a structural pillar of India’s infrastructure financing model. The sectoral distribution of assets under NMP 2.0 reflects both scale and maturity. Roads remain the dominant segment. Highways, multimodal logistics parks and ropeways together are expected to yield Rs 4.42 trillion during the five-year window. This shows the government’s confidence in traffic growth, tolling frameworks and investor appetite for operational road assets.  The power sector is next, with a monetisation target of Rs 2.76 trillion. Transmission lines, generation assets and distribution-linked infrastructure are likely components. These assets offer relatively stable cash flows, making them attractive to long-term institutional investors such as pension and sovereign wealth funds. Ports and railways follow closely, with targets of Rs 2.63 trillion and Rs 2.62 trillion respectively. In railways, dedicated freight corridors, station redevelopment and cargo terminals could be monetised through structured concessions. Ports, which have already seen private participation in cargo handling and terminal management, provide another natural fit for long-term leases. Coal and mining assets together account for over Rs 3 trillion in potential proceeds. This reflects the continued centrality of resource extraction to India’s industrial and power ecosystem, even as the energy transition gathers pace. Other sectors such as urban infrastructure, civil aviation, petroleum and natural gas, warehousing, telecom and tourism contribute smaller but still significant amounts. The diversity of sectors indicates that NMP 2.0 is not confined to one ministry or one asset class but is a whole-of-government monetisation strategy.