There has never been a better time to be an Indian, says Gautam Adani

Noting that India will never let go of this unique opportunity for economic growth, Gautam Adani, the chairman of Adani Group, said that the country would add a trillion dollars to its GDP within the next decade every 12 to 18 months. Speaking at Crisil Ratings' 'Annual Infrastructure Summit', Adani said that notwithstanding the fact that India's economic trajectory had remained on course-it took 58 years to achieve its first trillion dollars of GDP, 12 years for the second trillion and just five years for the third.

Adani was very confident about India's growth momentum and cited the reason to be intense social and economic reforms that the government has been implementing. He further said that by 2050, India will be a USD 30 trillion economy with probably more than USD 40 trillion stock market capitalisation. Currently, it is more than USD 5 trillion, so the stock market capitalisation of India is all set to grow exponentially.

"The way India is growing and the way the government is implementing social and economic reforms, in my mind, within the next decade India will start adding a trillion dollars to its GDP every 12 to 18 months," Adani Group Chairman told the gathering.

He reminded them that the prospect of growth in India was simply unmatched. "No other nation can match this scale of opportunity," he said. "There's never been a better time to be Indian."

Taking stock of the Indian infrastructure sector, Adani said that the sector was undergoing a sea change and New Delhi can look forward to its deep impact in the next decade. He said an unseen transformation in infrastructure capital expenditure had just begun that set the base for a multi-decadal growth trajectory.

He said, "India's infrastructure industry is undergoing a stunning change, the impact of which we will be able to appreciate fully when we look back a decade later."

"We have kickstarted an infrastructure capex cycle never seen before, and this lays the basis for several decades of India's growth," he said.
"And this begins with the quality of governance. Very few sectors globally are as tightly linked with the government's policy as infrastructure," mentioned Gautam Adani.

Adani said that in his opinion, the role of governance was quite important in driving infrastructure development with its close linkage to government policies.