Gautam Adani said India will begin adding a trillion dollars to its GDP every 12 to 18 months, setting us on track to be a $30 trillion economy by 2050.
The Adani Group, under the leadership of Chairman Gautam Adani, has unveiled ambitious plans to invest more than $100 billion in energy transition projects and manufacturing capabilities over the next decade.
Speaking at the ‘Infrastructure – the Catalyst for India’s Future’ event organized by Crisil on June 19, Adani emphasized India’s significant potential in energy transition and digital infrastructure.
Massive Investment in Renewable Energy
Gautam Adani highlighted the group’s commitment to expanding its integrated renewable energy value chain.
“The next decade will see us invest more than $100 billion in the energy transition space and further expand our integrated renewable energy value chain that today already spans the manufacturing of every major component required for green energy generation,” he said. This investment includes developing solar parks, wind farms, and manufacturing facilities for electrolyzers, wind power turbines, and solar panels.
Vision for India’s Economic Growth
Also read: Rupee appreciates amid fresh foreign inflows
Adani projected that India would add a trillion dollars to its GDP every 12 to 18 months, setting the country on a path to becoming a $30 trillion economy by 2050.
He also predicted a significant increase in India’s market capitalization, expecting it to rise to $40 trillion by 2050, a substantial jump from the current market capitalization of just over $5 trillion. “What this effectively means is that over the next 26 years, India will potentially add $36 trillion to its stock market capitalization,” Adani stated.
Strategic Focus on Infrastructure Development
Adani outlined three critical aspects for India’s infrastructure development:
- The role of government policies and governance.
- The integration of upcoming infrastructure with sustainability and renewability.
- The Adani Group’s role in developing infrastructure.
Building the World’s Largest Renewable Energy Park
In line with its sustainability goals, the Adani Group is constructing the world’s largest single-site renewable energy park in Khavda, Kutch, Gujarat.
This facility alone is expected to generate 30 GW of power, significantly contributing to the group’s target of reaching 50 GW of renewable energy capacity by 2030. Adani emphasized the group’s goal to produce the world’s least expensive green hydrogen, which will serve as a crucial feedstock for various sectors.
Future Prospects
Adani expressed confidence in India’s future growth, noting that the platform for creating multiple trillion-dollar market spaces is already in place.
“While every nation has its challenges, I can confidently state that India’s real growth is yet to come. Our estimates show that by FY32, India is targeted to become a $10 trillion economy,” he said.
The Adani Group’s substantial investments and strategic initiatives underscore its commitment to leading India’s transition to a sustainable and renewable energy future, positioning the country as a global powerhouse in green energy.
