Adani on India’s growth towards being the 3rd largest economy by 2030

Billionaire Gautam Adani expressed confidence in India’s growth story, saying that global turbulence has accelerated opportunities for the nation. Adani believes that going forward, China will feel more isolated as rising nationalism, shifts in supply chains and technology curbs threaten its economy.

At the 20th Forbes Global CEO Conference 2022 in Singapore, Gautam Adani said, “It has made India one of the few relatively bright spots from a political, geostrategic, and market perspective. India 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.”

“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,” added Adani.

He also said, “India took almost 58 years to reach the 1-trillion-dollar GDP mark and 12 years to achieve the 2nd trillion dollars – and thereafter, only 5 years to achieve the 3rd trillion dollars. This rate will further accelerate as the digital revolution kicks in and transforms every type of activity at a national scale.”