Gautam Adani foresees India can become a $15 trillion economy in two decades

Gautam Adani, Adani Group Chairman has said that India can become a $15 trillion economy in the next two decades and also turn out to be among the largest global markets. In the Annual General Meeting (AGM) of Adani Group, he said that although there will be bumps along the road, the largest middle class that will ever exist, augmented by an increase in the working age and consuming population share, will have a positive impact on India's growth

"India will be a 5 trillion-dollar economy - and then go on to be a 15 trillion-dollar-plus economy over the next two decades. India will emerge as one of the largest global markets, both in terms of consumption size and market cap," he said.

On the group achieving the $100 billion market cap, he said that the performance of the group's listed entities propelled its portfolio to cross $100 billion in market capitalization in the very first week of this new financial year.

"This valuation milestone is a first for a first-generation Indian company. While there is reason to feel proud, valuations are simply an outcome - what truly matters to me is the path that led us here - and even more importantly, the path we have charted ahead. I credit our performance and resilience to the core values that we believe in. These values drive our purpose of Nation Building - and this past year further reinforced my faith in our organisational values," Adani said.