In a bold prediction, Gautam Adani, Chairman of the Adani Group, declared that India is poised to achieve extraordinary economic growth, potentially becoming a $30 trillion economy by 2050. Speaking at the Crisil Ratings’ ‘Annual Infrastructure Summit’ on Wednesday, Adani highlighted the rapid pace of India’s economic expansion and the transformative impact of government reforms.
Adani emphasized that India’s journey to economic prosperity is accelerating. “It took India 58 years to reach its first trillion dollars of GDP, 12 years to achieve the second trillion, and just five years for the third trillion,” he stated. “Given the current growth trajectory and the government’s effective execution of social and economic reforms, I anticipate that within the next decade, India will start adding a trillion dollars to its GDP every 12 to 18 months.”
This forecast sets India on a path to not only reach a $30 trillion economy by 2050 but also achieve a stock market capitalisation exceeding $40 trillion. “What this effectively means is that over the next 26 years, India will potentially add $36 trillion to its stock market capitalisation,” Adani noted. Presently, the Indian stock market capitalisation stands at over $5 trillion.
Adani expressed confidence in India’s unique potential for such growth. “No other nation is remotely close to such a scale of possibility. There has never been a better time to be Indian,” he declared.
The chairman also discussed the significant transformation within India’s infrastructure sector. “India’s infrastructure industry is undergoing a stunning change, the impact of which we will fully appreciate when we look back a decade later,” he said. He underscored the importance of the ongoing infrastructure capex cycle, which he described as unprecedented and foundational for decades of future growth.
Adani attributed much of this potential to the quality of governance in India, particularly in the infrastructure sector. “Very few sectors globally are as tightly linked with government policy as infrastructure,” he said, underscoring the critical role of policy in driving India’s economic and infrastructural development.