New Delhi: The billionaire Gautam Adani voiced optimism about India’s growth story on Tuesday, saying that the world’s unrest has accelerated chances for the country.
“It has made India one of the few relatively bright spots from a political, geostrategic, and market perspective,” Gautam Adani said at the 20th Forbes Global CEO Conference 2022 in Singapore. India is on the path to be the world’s third largest economy by 2030, the billionaire said. “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,” Adani added.
The billionaire emphasised that given how terrible situations are in Europe, India’s prospects appear to be rather bright. Adani predicts that as rising nationalism, altered supply chains, and technological limitations endanger China’s economy, the country will feel more alone in the future. The ports-to-power tycoon’s remarks on China and the world economy come at a time when he is attempting to increase his international image after growing his net wealth by $58.5 billion so far this year, per the Bloomberg Billionaire Index.
India will become poverty-free, and 100 per cent literate well before 2050. “We will be the country that will go from a 3 trillion-dollar economy to a 30 trillion-dollar economy, a country with a stock market capitalization of 45 trillion dollars, and a country that will be supremely confident of its position in the world,” he said.
India took about 58 years after attaining independence to reach a GDP of one trillion dollars. After that, it took us 12 years to reach our second trillion dollars, but just 5 years to reach our third.
“This rate will further accelerate as the digital revolution kicks in and transforms every type of activity at a national scale,” he iterated.
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