Your Page Title
Saturday, July 20th, 2024

India’s growth will be driven by governance, infrastructure and green energy: Gautam Adani

Industrialist Gautam Adani on Wednesday said India’s cumulative infrastructure spending will exceed $2.5 trillion by 2031. he/she added that the platforms to create a multi-trillion dollar market place already exist in the country.

“While every country has its challenges, I can confidently say that India’s real growth is yet to happen. The stage is already in place to create a multi-trillion dollar market place. Our estimates show that India is on track to become a $10 trillion economy by FY32,” the Adani Group founder chairman said at an event organised by Crisil on ‘Infrastructure – the Catalytic Platform for India’s Future’.

Adani said India is on track to achieve its target of becoming a USD 10 trillion economy by FY 2031-32

he/she said India’s energy sector will play a key role in infrastructure development and about a quarter of the total infrastructure spending in the coming years will be used in the energy sector and energy transition.

“The total spending on infrastructure will exceed $2.5 trillion. About 25 per cent of this total spending is expected to be spent on energy and energy transition,” Adani said.

he/she highlighted that green electrons will emerge as the key driver of India’s economic growth.

Green electrons produce electricity from non-emitting sources, mainly wind and solar energy. They pass through wires to reach the end user and can be stored in batteries for future use. he/she said that Adani Group will produce the cheapest green electrons in the world to sustain the growth of many sectors.

“The availability of green electrons will be the primary driver of economic progress of any country, and in my opinion the market for green electrons has no limits to growth right now. We will produce the world’s least expensive green electrons which will become the feedstock for many sectors that must meet sustainability mandates,” Adani said.

The industrialist compared India’s growth trajectory after liberalisation and said governance is the most important catalyst for infrastructure sector growth after 2014.

he/she said, “If the period between 1991 and 2014 was about laying foundations and building runways, the period between 2014 and 2024 is about making planes take off. The most important catalyst enabling this take off has been the quality of governance over the last decade.”

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *