Making a strong pitch for India, country’s richest man Gautam Adani said that our country will go from a $3 trillion economy to a $30 trillion economy in the next 25 years. He also shared that the Adani Group will invest more than $100 billion of capital in India over the next decade.
India has just become the world’s fifth largest economy and is on the path to be the world’s third largest economy by 2030. The fact is India’s real growth is just starting – as it goes from its 75th year of freedom this year – towards its 100th year of independence, the Adani Group chairman said at the 20th Forbes Global CEO Conference in Singapore.
While the world is perturbed with the global turbulence, Adani believes that it has accelerated opportunities for India. It has made India one of the few relatively bright spots from a political, geostrategic, and market perspective, the industrialist said.
India in the next 25 years
Detailing how he envisions India in the next 25 years, the billionaire industrialist said that India will comfortably become a country with 100 per cent literacy levels, will be poverty-free well before 2050. “We will be a country with a median age of just 38 years even in 2050 – and a country with the largest consuming middle class the world will ever see. We will also be the country that attracts the highest levels of foreign direct investment given the sheer scale of consumption of 1.6 billion people,” Adani stressed.
“In 2021, India added a unicorn every 9 days, and it executed the largest number of real-time financial transactions globally – a staggering 48 billion. This was 3 times greater than China and 6 times greater than the U.S., Canada, France, and Germany combined,” Adani said adding that we are on the cusp of creating several thousands of entrepreneurs.
Adani Group’s $100 billion investment
As a Group, we will invest over $100 billion of capital in the next decade, the chairman said. “We have earmarked 70 per cent of this investment for the Energy Transition space. It is our commitment to invest 70 billion dollars in an integrated green hydrogen-based value chain,” he added.
“In addition to our existing 20 GW renewables portfolio, the new business will be augmented by another 45 GW of hybrid renewable power generation spread over 100,000 hectares of land – an area 1.4 times that of Singapore,” he stated.
Adani further chalked out his conglomerate’s ambitions in the space of Digital Transformation which seek to benefit from the energy transition adjacency. This sector consumes more energy than any other industry in the world and therefore our move to build green data centers is a game changing differentiator.
“India is full of incredible opportunities. The real India growth story is just starting. India’s next three decades will be the most defining years for the impact it will have on the world,” Adani concluded.
