January 27, 2023
Indian Economy To Add $1 Trillion To GDP Every 12-18 Months, Believes Gautam Adani

Indian Economy To Add $1 Trillion To GDP Every 12-18 Months, Believes Gautam Adani

 HeGautam Adani, the Adani Group’s owner, is a strong believer in the steady and fast growth of the Indian economy and has therefore predicted that the economy will continue to add about a trillion dollars to its GDP once every 12 to 18 months over the next decade due to the buying power of the increasing and large middle class and the young population of the country.

“This century belongs to India,” Gautam Adani said in an interview with India Today, a local news channel. The first-generation entrepreneur also sees India as a green hydrogen exporter, citing a government production-linked incentive plan as making the business viable and appealing.

The Adani Group has recently made a slew of acquisitions and buyouts, acquiring assets in cement, media, and an Israeli port. This year, He himself has been noted as Asia’s busiest dealmaker, and his deals have added at least $40 billion to his fortune while expanding his business empire.

This is even though other billionaires have lost money.

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On the other hand, the breakneck pace of expansion has raised eyebrows, with analysts highlighting the increased leverage and financial complexity that has come with the asset haul. 

“In the past nine years, our profit has been growing at twice the rate of our debt,” Adani said in the interview. “Our debt-to-Ebitda ratio has decreased from 7.6 to 3.2, which is very healthy for a large group where most companies are in the infrastructure space.”

Adani also stated that his most recent acquisition, New Delhi Television Ltd., would maintain editorial independence. Adani’s corporate strategy frequently aligns with the Modi government’s initiatives and nation-building priorities. 

“On editorial independence, let me say categorically that NDTV will be a credible, independent global network,” Adani said during the interview.

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Adani Group Of India Will Invest Over $100 Billion Over The Next Ten Years

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