Gautam Adani Foresees India Adding Trillion Dollar Boost to GDP Every 12-18 Months, Eyes $30 Trillion Economy by 2050.
Gautam Adani, Chairman of the Adani Group, announced plans to invest over $100 billion in energy transition projects and manufacturing capabilities for green energy generation. Speaking at the ‘Infrastructure – the Catalyst for India’s Future’ event organized by Crisil, Adani highlighted India’s potential in energy transition and digital infrastructure.
Adani stated, “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.” The conglomerate aims to manufacture electrolyzers for green hydrogen, wind power turbines, and solar panels.
Adani also projected India’s GDP to increase by a trillion dollars every 12 to 18 months, aiming for a $30 trillion economy by 2050. He expects India’s market capitalization to reach $40 trillion by 2050, with the potential to add $36 trillion to its stock market capitalization by then.
The Adani Group plans to establish solar parks, wind farms, and manufacturing facilities for electrolyzers, wind power turbines, and solar panels. Adani emphasized the importance of government policies, sustainability, and the Adani Group’s role in infrastructure development for India’s growth.
The group is also focused on producing the world’s cheapest green hydrogen, targeting the sustainability goal. Adani mentioned the construction of the world’s largest single-site renewable energy park in Khavda, Kutch (Gujarat), aiming to generate 30 GW of power, increasing the total renewable energy capacity to 50 GW by 2030.
Adani highlighted that the global energy transition market, valued at approximately $3 trillion in 2023, is expected to reach $6 trillion by 2030 and double every 10 years until 2050. In India, the target is to install 500 GW of renewable energy capacity by 2030, requiring annual investments of over $150 billion.
The transition to green energy in India is expected to create millions of new jobs in sectors such as solar and wind energy, energy storage, hydrogen, EV charging, and grid infrastructure.
