Delivery of ecosystem restoration plans can lead to gains and losses of environmental and societal benefits, disproportionately impacting different groups of society. The tradeoffs and inequity can potentially be large when considering plans focused on a single benefit. Such information is especially lacking in tropical countries, such as India, that must balance local societal needs while delivering actions for ambitious global climate change and biodiversity goals. Here, we show that forest restoration schemes aimed at multiple objectives deliver most of the available benefits, implying minimal tradeoffs. Such schemes deliver benefits evenly across potential restoration areas, implying multiple land options for implementation. Lastly, these schemes are equitable as they deliver benefits to a large proportion of Indians who are socioeconomically disadvantaged.