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The Indian economic system will develop at a staggering tempo throughout the subsequent decade, including $1 trillion yearly and a half, making it the world’s second-largest economic system by 2050, Gautam Adani, the founder and chairman of Adani Group, mentioned.
“The expansion will put the nation on monitor to be a 30 trillion-dollar economic system by 2050 with a inventory market capitalisation that may probably exceed $45 trillion,” Adani mentioned on the 21st World Congress of Accountants held in Mumbai.
The top of one among India’s largest conglomerates mentioned the nation’s demographic dividend, the tempo of entrepreneurship accelerated by digitalisation, and management within the international vitality transition will drive this development.
Whereas India’s inhabitants will develop 15% to 1.6 billion by 2050, the per capita revenue will speed up by over 700% to roughly $16,000, he mentioned.
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