India to become $10 trillion economy by 2032: Gautam Adani

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Adani Group Chairman Gautam Adani says that India will become a US$10 trillion ($10 trillion) economy by fiscal year 2032 and total spending on infrastructure will also cross US$2.5 trillion.

During credit rating company CRISIL’s annual infrastructure summit ‘Infrastructure: The Catalyst for India’s Future’, Gautam Adani mentioned his projection of India becoming a US$10 trillion economy in the next eight years. “Our projections show that India is on target to become a US $10 trillion ($10 trillion) economy by fiscal year 2032 – and total spending on infrastructure at that time will be US $2.5 trillion,” said the Adani Group chairman. And about a quarter of this total spending, i.e. 25 percent, is expected to be on energy and energy transition…”

“India’s real progress is yet to come…”

Gautam Adani claimed in his address that India’s real progress is yet to be made. He said, “Despite every country having its own challenges, I can say with full confidence that India’s real progress, real growth is yet to happen… Such a platform already exists in the world, thanks to which there are several trillion-dollar markets. Spaces may be made…”

“Availability of green electrons will drive economic growth…”

Gautam Adani termed green electrons as a very important factor in any country’s path to economic growth and said, “Availability of green electrons will be the most important factor to accelerate the economic growth of any country… and in my opinion, there is no limit to the growth of the green electron market today. No…” he claimed, “We will produce green electrons at the lowest cost in the world, which will become feedstock for many sectors that require sustainability…”

“Adani Group to invest $100 billion on energy transition…”

Adani Group chairman announced that the group plans to invest more than US$100 billion on energy transition projects, including manufacturing equipment to produce green energy. Adani Group is developing solar parks, wind farms and facilities to make electrolyzers for green hydrogen.

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani group company.)

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