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    annapurna pardhi
    Dash  ·  
    Dec 10, 2020

    INDIAN ECOMOMY WILL GROW 10x BY 2050 : GAUTAM ADANI

    in News Updates

    Gautam Adani said India is at a dramatic inflexion point from where its economy will grow 10x by 2050 with the nation having several trillion-dollar companies and cheapest power from renewable energy. In his talk on 'Incredible India and the opportunities ahead for India' at the TiE Global Summit, Adani saw India's GDP rising to USD 28 trillion by 2050 from the current USD 2.8 trillion, stock market valuation swelling to USD 30 trillion and a USD 10 trillion retail market. A combination of "India's soft power with the hard power of a USD 28 trillion GDP and a USD 30 trillion value stock market will give an incredible nation that is taking the journey to becoming the greatest opportunity of the 21st century," he said. Adani, who had earlier this year set a goal of his group becoming the world's largest renewable power company by 2025, said the marginal cost of electricity will continue to drop sharply as the renewable energy boom accelerates and the country will produce the cheapest electricity from renewable energy sources.

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