15
Wednesday
August 2018
4:33 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
India on the cusp of explosive growth: Gautam Adani
 
New Delhi, Feb 3 (PTI) Chairman of USD 11-billion Adani Group Gautam Adani today said India now stands on the "cusp of explosive growth" and game-changing policies like GST, Aadhaar and Jan Dhan Yojana will lay the platform for decades of strong growth.

With GDP growth rates of over 7 per cent, it is anticipated that India will become the world's third largest economy by 2030 and second largest by 2050, he said.

"India now stands on the cusp of explosive growth that barring the US and China, no nation in modern history has witnessed," Adani said while addressing the SRCC Business Conclave.

He said over the past few years, there has been a dramatic progress in positioning India as a nation integrated into the global economy, a nation flexing its power and building key strategic alliances and a nation that is firm yet restrained and extending a helping hand to those in need.

Adani said over the past few years, the Narendra Modi government has introduced "game changing" policies which will drive foundational changes across India.

The implementation of the GST - while still to be streamlined - will unify internal markets and become the catalyst for GDP growth, he said.

Stating that Aadhaar is a "remarkable initiative" of getting 1.3 billion people on one common identification platform is a game changer for both tax collections and direct benefits distribution, Adani said it will transform the way government manages its subsidies.

Over 31 crore bank accounts opened under the Jan Dhan Yojana in just three years and has yielded a staggering Rs 73,000 crore of deposits.

Besides, the Digital India revolution is on track to ensure over 100 crore of our fellow countrymen have a mobile device in their hands by 2020 and over 50 crore internet users come online - thereby enabling a technology revolution of unprecedented scale, he said.

"The combination of these initiatives will change India in ways hard to imagine. It will unlock the bottom-of-the pyramid and lay the platform for expanding the middle class and setting off decades of strong growth," Adani said.

He also highlighted the hurdles to economy saying India faces deepening income inequality, challenge of income security of farmers, job growth, and increased geostrategic polarisation.


US dollar ends sharply higher against rupee
Erdogan says Turkey 'won't lose economic war' after lira crash
Nifty scales another peak of 11,470, up 20 points
Govt should consider framing dedicated policy for BPO sector: Par panel
SBI launches unified payment terminal- MOPAD
IKEA to open first India outlet at Hyderabad tomorrow
Govt withdraws FRDI bill in Parliament following backlash
Jet Airways releases salaries to employees, decides against pay cut
TRAI gives nod for sale of 5G spectrum
Maruti Suzuki India posts marginal decline in July sales at 1,64,369 units
RBI rate hike to avoid drifting away from inflation mandate, says Patel
India Post Payments Bank to start operations with 650 branches in August
Twitter kills 143,000 apps, charts new rules for developers
Walmart looks to double wholesale presence in?India, open 20 stores over next three years
Third party insurance for two, four-wheeler be made mandatory: Supreme Court
Samsung, Xiaomi corner 60 pc share of India's smartphone mkt in Q2: Canalys
Indo-Pacific must be free, open and and inclusive region: Swaraj
Govt working on another verison of UDAN, says Sinha
Talks on between India, Singapore for cruise tourism: Gadkari
Govt doubles import duty on over 50 textile products
KERALA NEWS
CM cancels Onam festivities in the state
 Thiruvananthapuram: Kerala government has decided to cancel the Onam festivities considering the mas  
Dileep will not get the visuals: HC rules
E.P.Jayarajan sworn in as a minister
KSRTC Bus - lorry collision at Kannur; 18 injured
INTERNATIONAL NEWS
Bridge collapses in Italy during heavy storm, crushing cars
 (Milan, Aug 14, 2018):A bridge over an industrial area in the Italian city of Genova partiall
Officials: Afghan forces push back Taliban from key city
Bangladesh ex-PM Zia gets bail in defamation case
NASA launches Parker Solar Probe spacecraft
NATIONAL NEWS
Lead Us, DMK Leaders Tell Stalin, Day After Brother Alagiri's Message
 (Chennai, Aug 14, 2018):The first meeting of the DMK after the death of party patriarch M Kar
No income generated from YI-National Herald transaction: Sonia Gandhi to HC
Somnath Chatterjee dies at 89
No more free insurance for train travel, opt out or pay up: Railways
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.