TIL Desk/Business/New Delhi/ Within the next decade, India will start adding a trillion dollars to its GDP every 18 months, Gautam Adani, Adani Group Chairman, said. Speaking at the AGM of his group companies, Adani added that this puts us on track to be a 25 to 30 trillion-dollar economy by 2050 and will drive India’s stock market capitalisation to more than 40 trillion dollars — nearly a 10X expansion from current levels.
“Our country is now the most exciting land of opportunities. We have always expressed our belief in our growth with goodness philosophy and our track record speaks for itself. Your group will continue to consolidate what it has built while looking at expanding its horizons,” he added. On the Adani Group, he said, “Our balance sheet, our assets and our operating cashflows continue to get stronger and are now healthier than ever before.
The pace at which we have made acquisitions and turned them around is unmatched across the national landscape and has fuelled a significant part of our expansion.” The Adani Group of companies set new financial performance records for FY22-23. Total EBITDA grew by 36 per cent to Rs 57,219 crore, total income grew by 85 per cent to Rs 2,62,499 crore, and total PAT grew by 82 per cent to Rs 23,509 crore.
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