Indian Economy Will Add $1 Trillion Every 12-18 Months By Next Decade, Says Adani

The Indian economy will grow at a staggering pace within the next decade, adding $1 trillion every year and a half, making it the world’s second-largest economy by 2050, Gautam Adani, the founder and chairman of Adani Group, said.

“The growth will put the country on track to be a 30 trillion-dollar economy by 2050 with a stock market capitalisation that will possibly exceed $45 trillion,” Adani said at the 21^st World Congress of Accountants held in Mumbai.

The head of one of India’s biggest conglomerates said the nation’s demographic dividend, the pace of entrepreneurship accelerated by digitalisation, and leadership in the global energy transition will drive this growth.

While India’s population will grow 15% to 1.6 billion by 2050, the per capita income will accelerate by over 700% to approximately $16,000, he said.