Asia’s richest and world’s third wealthiest person Gautam Adani on Saturday painted a bullish picture of the Indian economy over the next three decades, asserting that the country will within the next decade start adding a trillion dollars to its GDP every 12 to 18 months.

This would put India well on track to be a $30-trillion- economy by 2050 and with a stock market capitalisation that will possibly exceed $45 trillion, Adani said in his address at the 21st World Congress of Accountants (WCOA) 2022 in Mumbai.

Adani highlighted that it took India 58 years to get to its first trillion-dollar GDP, 12 years to get to the next trillion dollar and just five years for the third.“If there ever were a time to be Indian, be in India, and associate with India, it is now. The foundation to build a new resilient India has already been laid”, Adani said.

Adani said that he expects the Indian economy to become the world’s third largest well before 2030 and No 2 by 2050. Adani said that he expects the per capita income of Indians to increase to $ 16,000 by 2050. “India’s median age will be just 38 years even in 2050. Over this period, India’s population will grow by 15 per cent to 1.6 billion, but the per capita income will accelerate by over 700 per cent to approximately $ 16,000”, he said.

In this context of PPP, India’s share of global GDP will be north of 20 per cent by 2050, he added.

On Foreign Direct Investments, Adani highlighted that the inflows have increased over 20-fold since 2000 and would expect it to touch $1 trillion by 2050.