Adani Group Chief Gautam Adani stated on today (Tuesday, July 18) that the country is on track to become a $25-30 trillion economy by 2050.
Adani predicts that India will add a trillion dollars to its GDP every 18 months over the next decade, positioning it as the second-largest economy in the world by 2050.
This growth trajectory is impressive considering that it took India 58 years to reach its first trillion-dollar GDP, followed by 12 years for the second trillion and just five years for the third.
Adani also expressed his firm belief in the potential of India's stock market, projecting that its capitalization will exceed $40 trillion by 2050. He emphasized his unwavering faith in the growth story of India, referring to it as his "matrubhumi" or motherland.
Despite the challenges of predicting economic cycles, Adani highlighted India's demographic dividend as a driving force for consumption and the rapid growth of a tax-paying society.
These optimistic remarks were made by Adani during the annual general meeting of Adani Enterprises Ltd. He addressed shareholders, emphasizing the potential of India's economy and the role that its demographic dividend will play in propelling its growth.
As India continues to pursue its economic ambitions, the future looks promising for the country's development and prosperity, he further added.
Despite the multitude of global challenges, such as the climate emergency, geopolitical issues, supply chain disruptions, energy fluctuations, and persistent inflation, he expressed that he remains optimistic about India's future.
According to Adani, the world continues to be affected by various shocks, creating an opportunity for a significant reset in the current global operating models.
He stressed that his prediction is based on several factors, including a stable government, the demographics of India, and strong internal demand. He added that these elements form a powerful combination that can drive the country's growth.
Adani emphasized the importance of a stable government in implementing effective policies and establishing a solid foundation for economic growth. He also highlighted the positive impact of structural reforms on achieving strong, sustainable, and balanced growth.