Adani on the group's debt from the country's economy: GDP will increase by $ 1 trillion every 12 to 18 months

Out of 75 years of independence, 58 years were spent for a GDP of 1 trillion dollars. 2 lakh crore in 12 years and 3 lakh crore in just 5 more years. But with the rate at which we are growing now, I think we will add $1 trillion to GDP every 12 to 18 months in the next decade. By 2050, India will become a $30 trillion economy. I am very optimistic about India's progress and prosperity. Adani Group owner Gautam Adani said this in an interview with India Today.
Many experts are claiming that there will be a global recession in the year 2023. Regarding this, Adani said 'I am very optimistic and never give up hope. Even earlier in 2008, many people had talked about the economic crisis in India during the recession, but India proved it wrong. I hope the next budget will focus on capital expenditure, employment and social security. This will help protect India from the global headwind.
On the acquisition of NDTV, Adani said, 'My companies are in the hands of professionals and they do not interfere in the day-to-day operations of the company. NDTV will be a credible, independent, global network with a clear Lakshman Rekha between management and editorial. You can argue endlessly and paraphrase what I am saying a word for word, as many people have done. Give us some time before judging.
The interview comes after the recent decision of NDTV founder Prannoy Roy and his wife Radhika Roy to sell 27.26% of their remaining 32.26% stake to the Adani Group. This will increase the stake held by the Adani Group to 64.72% from the current 37.45%. The Roy family also resigned from the board of directors of NDTV promoter RRPR on November 29.
Adani Group has a debt of about Rs 2 lakh crore. Regarding this, Adani said, 'We are very strong and secure at the economic level. Two types of people are saying these things. First, those who do not have detailed information about our financial condition and debt. If they understand these things, then their misunderstanding about the loan will be removed. There are also other types of selfish people, who are spreading the illusion of coercion.
Adani said, 'The fact is that during the last nine years, our profits have been growing twice as fast as our debt. Due to this, our Debt-to-Ebitda ratio has come down from 7.6 to 3.2. This is a very good thing for a big group. Today, Adani Group's business spans diverse sectors such as Energy, Ports, Logistics, Mining, Gas, Defense & Aerospace and Airports.