Industrialist Gautam Adani said that the size of the Indian economy will be $ 15 trillion in the next two decades. He said that India will become the world’s largest market and only middle class consumption will fulfill this goal.
Indian economy to be $15 trillion in next two decades.
Billionaire industrialist Gautam Adani has said that the Indian economy is at the beginning of a better cycle and will reach $15,000 billion in the next two decades. Before the pandemic, the Indian economy was $2,890 billion. The overall economy has suffered a loss of more than seven percent due to the pandemic. Addressing the shareholders of the Adani Group working in the port to energy sector, Gautam Adani said that India has a vision of becoming a $ 5 trillion economy in the next four years. Questions are raised. “I have no doubt that India will achieve it.”
Group chairman Adani (59) said that India will become a $ 5 trillion economy. After that, in the next two decades, the Indian economy will reach $ 15,000 billion i.e. $ 15 trillion. According to the World Bank report based on data from the United Nations, the US economy is currently worth $ 19.50 trillion. China ranks second with $ 12.23 trillion. Before COVID, India’s economy was at the fifth position. Adani
Said that India would be among the largest markets in the world in terms of consumption and market capitalisation. He said that history has shown that there are lessons to be learned from every pandemic crisis. India and the world are showing more understanding amid the COVID-19 crisis.
EBITDA stood at Rs 32 thousand crore
Adani Group’s EBITDA (Earnings Before Interest Tax Depreciation and Amortization) for the financial year 2020-21 stood at Rs 32 thousand crores. It has registered a growth of 22 per cent on a yearly basis. Six companies of the Adani Group are listed on the stock exchange and all the shares have given returns in the range of 150-800 per cent.
Cleared about Mauritius funding
In his address at the Annual General Meeting, Adani also clarified about the 3 FPI shareholding. Gautam Adani said that some media houses have done such reporting without any basis. In the absence of information and without any evidence, he has linked this matter to regulatory deficiency. This is the reason why Adani Group of Shares has seen huge volatility in the recent past. Regarding the vision of the group, he said that our endeavor is to create value for the long term. This will benefit both our partners and shareholders.
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