India’s veteran industrialist Gautam Adani told that this is the time to bet on India. He said that despite the recent decline in economic growth rate, India will be the manufacturing and service hub with the world’s largest consumption center for the next few decades. India’s GDP growth slowed to 4.2% in 2019-20, the lowest level in more than a decade. Along with the Reserve Bank of India, most rating agencies around the world have projected a contraction in the Indian economy during the current financial year due to the Coronavirus crisis.
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In a recent report by Adani Gas Limited in its statement, Adani has said, We need to understand that no idea is completely right or wrong. In a time of unprecedented crisis like Covid-19, the most important is to have such a willful government, which can make decisions based on the information received at a time and be able to mold itself as new information reaches it.
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He said that countries with better resources were seen struggling to stop Covid-19 while India has done a good job in this direction. It is that if there had been a delay in the decisions taken so far, we would have been facing such a big disaster today, which would have seen the effect in India as well as worldwide. The industrialist said that it is difficult to estimate any kind of impact of Covid-19 in the short term or medium term. However, according to Adani, India will remain among the top markets in the coming decades. He said that India will remain the world’s top consumer hub, manufacturing and service hub. He said that there would be no better time to place bets on India.
