India’s Economy Will Expand to $30 Trillion by 2050, Adani Says
- Country may turn net green energy exporter by 2050, he says
- India likely to maintain rapid pace of making unicorns: Adani
Shoppers at a market during the Diwali festival in New Delhi.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
India is set to become a $30 trillion economy by 2050 -- a nearly 10-fold jump from its current size -- driven by rising consumption and social and economic reforms, according to Asia’s richest man Gautam Adani.
The nation’s gross domestic product may start expanding by $1 trillion every 12 to 18 months within the next decade, increasing its attraction as an investment destination, the billionaire said at a conference in Mumbai. India’s share of global GDP is likely to exceed 20% by 2050, he said.