Gautam Adani Predicts India as a $30 Trillion Economy by 2050
Gautam Adani, head of the Adani Group, believes that India would become a $30 trillion economy by 2050.
Gautam Adani, chairman of the Adani Group, has projected that India will become a $30 trillion economy by 2050. Speaking to students at Mumbai’s Jai Hind College, Adani explained that in the next decade, India is set to add a trillion dollars to its GDP every 18 months.
He emphasized that India’s growth trajectory has been accelerating, noting that after Independence, it took the country 58 years to reach its first trillion dollars in GDP, 12 years for the second trillion, and just 5 years for the third.
“I anticipate that in the next decade, India will begin adding a trillion dollars to its GDP every 18 months, putting us on track to become a $30 trillion economy by 2050. This pace and scale of growth will drive incredible possibilities for all of us,” Adani said.
Challenges Ahead for India:
Despite this optimistic outlook, Adani acknowledged that India faces several challenges. He remarked, “Given the all-round progress we have witnessed over the past decade, we can be optimistic that we will have the economic strength to work through the challenges.”
Addressing the Hindenburg Report:
Adani also addressed the controversy sparked by the report from US-based short seller Hindenburg Research in January last year. He characterized the report as “not a typical financial strike” but a dual attack aimed at destabilizing the company’s financial standing and pulling it into a political conflict.
“It was a calculated move, timed just days before the close of our follow-on public offer and designed to cause maximum damage, and amplified by certain media with vested interests,” he said.
Gautam Adani Response to the Financial Attack:
In response to the turbulence caused by the Hindenburg report, Adani revealed the company’s decision to return ₹20,000 crore raised through India’s largest-ever follow-on public offering (FPO).
“After successfully raising ₹20,000 crore through India’s largest-ever FPO, we decided to return the proceeds as a sign of commitment to the values we hold,” Adani stated.
