Couldn’t be a better time to be Indian: Gautam Adani at CRISIL event

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Adani Group Chairman Gautam Adani has said that there could not be a better time to be Indian. According to him, over the next decade, India will add one trillion US dollars to its GDP every 12 to 18 months, making India a US$30 trillion ($30 trillion) economy by the year 2050.

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At CRISIL Ratings’ annual infrastructure summit on Wednesday, Gautam Adani said it took 58 years for India to become a trillion dollar economy. It took 12 years to add the next one trillion dollars and in the next five years India became a three trillion dollar economy.

In his address, the Adani Group chairman said that the way the Indian economy is growing and the economic and social reforms are being carried out continuously by the government, I think India will grow its GDP by one per cent in the next decade. A trillion dollars will start adding up in a year and a half and thus we will be a 30 trillion dollar economy by 2050.

He further said that by the year 2050, the Indian stock market capitalization will cross $40 trillion. This means that India will add about $36 trillion in market cap to its stock market over the next 26 years. It is worth mentioning that currently the market capitalization of India is 5 trillion dollars.

Gautam Adani further said that no other country is likely to develop as much as India. In such a scenario, this is the best time to be an Indian. Regarding India’s infrastructure industry, he said that the country’s infrastructure is undergoing unprecedented changes and the kind of capital expenditure being done has never been seen before. This laid the foundation for India’s development for many decades.



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