“What this effectively means is that over the next 26 years, we will potentially add $36 trillion to the stock market capitalisation,” Adani said.
“While every nation has its challenges, I can confidently state that our country’s real growth is yet to come. The platform to create several trillion-dollar market spaces is already in place. Our estimates show that by FY32, we should become a $10 trillion economy,” Adani said.
Adani also listed out three enablers that will contribute to the country’s infrastructure development–the role of government policies and governance, interconnection of upcoming infrastructure with sustainability and renewability, and his own group’s role in developing infrastructure.
He said his group wants to produce the world’s least expensive green hydrogen that will become the feedstock for several sectors to meet the sustainability target. “And to make this happen, we are already building the world’s largest single-site renewable energy park at Khavda in the Kutch region of Gujarat. Just this single location will generate 30 gw of power, thereby taking our total renewable energy capacity to 50 gw by 2030,” he said.
Adani further said the energy transition space will fundamentally change the global energy landscape forever. “The global transition market was valued at around $3 trillion in 2023 and is expected to touch $6 trillion by 2030, thereafter doubling every 10 years till 2050,” he said.
“Our country aims to install 500 gw of renewable energy capacity by 2030. This ambitious target will require annual investments of over $150 billion dollars,” he said.