Jun 19, 2024 09:54 PM IST
Pointing out massive infrastructure growth in the country, Gautam Adani said, “Our infrastructure capex cycle is unlike anything seen before.”
Gautam Adani- Adani Group chairman- said that India is on the brink of an unprecedented economic boom within the next decade as the country could start adding trillion dollars to its GDP every 12 to 18 months. This could make India a $30 trillion economy by 2050, Gautam Adani said while speaking at Crisil Ratings’ ‘Annual Infrastructure Summit’ where he highlighted country’s accelerated growth trajectory.
Read more: Adani Group to invest USD 100 billion in energy transition, says Gautam Adani
It took 58 years for India to achieve its first trillion dollars in GDP, 12 years for the second trillion and just five years for the third trillion, Gautam Adani said attributing the progress to India’s effective government reforms. He said, “At this pace, we expect to add a trillion dollars to our GDP every 12 to 18 months within the next decade. This will position us as a $30 trillion economy by 2050, with a stock market capitalization exceeding $40 trillion.”
Now catch your favourite game on Crickit. Anytime Anywhere. Find out how
Read more: Gautam Adani praises Manmohan Singh, PM Modi: ‘India’s remarkable journey…’
“No other nation is poised for such scale and opportunity. This is the best time to be an Indian,” he asserted.
Pointing out massive infrastructure growth in the country, he said, “Our infrastructure capex cycle is unlike anything seen before, laying the groundwork for decades of growth.”
Gautam Adani also said that the Adani Group intends to invest over a $100 billion in the energy transition space.
Read more: Gautam Adani raises stake in Adani Enterprises, buys more from open market
“We are confident that we will produce the world’s least expensive green electron that will become the feedstock for several sectors that must meet the sustainability mandate. And to make this happen, we are already building the world’s largest single site renewable energy park in Khavda, in the district of Kutch,” he said.
