Gautam Adani Chairman of Adani Group. (Document photo)
Photo: BCCL
“Given the pace at which the government has simultaneously implemented a huge number of social and economic reforms, we expect India to start adding $1 trillion to its GDP every 12-18 months within the next decade. Speaking at the 2022 World Congress of Accountants in Mumbai during his keynote address on ‘India’s Path to Economic Superpower’, Adani said: Saturday.
India is currently the world’s fifth largest economy with a Gross Domestic Product (GDP) of $3.5 trillion.
He added that India’s success story of combining economic growth and democracy is unparalleled.
“If there ever was a time to be an Indian, to be in India, to mingle with India, it is now. The foundations have already been laid for building a new resilient India,” he added.
Asia’s richest man says that in 2050 India will have a median age of 38, a population of 1.6 billion and per capita income of $16,000, a 700% increase from current levels.
He also predicted that foreign direct investment (FDI) in India will reach $1 trillion.
Commenting on Indian entrepreneurship, Adani added: Executed the most real-time financial transactions in the world – a staggering 48 billion he. That’s six times more than the United States, Canada, France and Germany combined. ”