Indian Equity M-Cap To Cross $40 Trillion By 2050, Says Gautam Adani

Billionaire Gautam Adani on Wednesday estimated India's equity market capitalisation to cross the $40 trillion by 2050 and anticipates a trillion-dollar addition to the country's market cap every 12–18 months.

During the same period, he expects the country to be well on track to become a $30-trillion economy. "No other nation is remotely close to such a scale of possibility," he said in a keynote address in Crisil's 'Infrastructure - The Catalyst For India's Future' event.

For a nearer-term expectation, Adani expects the country's economy to cross the $10-trillion mark by the end of financial year 2032. He said the cumulative spend on infrastructure would exceed $2.5 trillion by the same period.

In his address, the Adani Group chairman stressed on the role of government policies in building infrastructure, the interconnection of infrastructure with sustainability, and the group's contributions towards developing national infrastructure. "We have kickstarted an infrastructure-capex cycle never seen before, and this lays the foundation for several decades of India's growth," he said.

The Indian equity market capitalisation crossed the $5-trillion mark on May 21 after having grown at a compound annual growth rate of just over 8% since 2012. Assuming a similar growth rate, the cumulative market capitalisation of Indian listed companies would hit the mark of $40 trillion in 2050.