India to be world’s second largest economy, net exporter of green energy by 2050: Adani

New Delhi: To lead the global energy transition, India will become the world’s second largest economy and net exporter of green energy by 2050. Adani Group Chairman Gautam Adani said on Saturday.
Adani said, “India will start adding a trillion dollars to its GDP every 12 to 18 months – putting us on track to become a $30 trillion economy by 2050 and a stock market capitalization potentially over $45 trillion.” Will be done.” At the 21st World Congress of Accountants in Mumbai.
He observed that India’s population grew by 15% to 1.6 billion, but per capita income increased by 700% over the next 28 years to about $16,000, from about $2,200 currently. The expansion of this “consumer middle class” would increase public and private expenditure and attract the “highest levels” of FDI.
“In fact, India’s FDI inflow has increased more than 20 times since the year 2000 and I expect it to reach one trillion dollars by 2050,” Adani said.
On green energy, Adani said, “Cooling the planet will be one of the most profitable businesses over the next several decades and one of the biggest job creators. I have no doubt that India will lead the global energy transformation.
He also reiterated his group’s plan to invest $70 billion in green energy over the next decade to create the world’s most integrated renewable energy value chain.
According to Adani, India will require 400% more energy by 2050 than it currently consumes. He saw the marginal cost of green energy approaching ‘zero’, especially in light of the dramatic and continuing decline in the cost of solar power.
“The ability of this zero-cost electron to economically split a water molecule and create 100% green hydrogen in the future is now certain. The combination of solar and wind power together with green hydrogen opens up unprecedented possibilities for India,” They said.
India is the world’s third largest oil importer and generates 70% of its electricity from coal-fired plants, but its per capita energy consumption is a third of the global average. The Narendra Modi government is eyeing a 50% clean energy share by 2030 and is implementing the world’s largest green energy program with a target of 450 GW green energy capacity by then.

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