Figures and Facts
In this new century, the Indian economy is one of the fastest-growing in the world, with a GDP of $3.2 trillion. The Commerce and Industry Ministry says that if it continues to grow around 8% annually, it could become a $30 trillion economy in 30 years.
The lifting of pandemic restrictions led to a surge in demand for services and increased production across various industries, driving economic growth.
(Modi and Mukesh Ambani and Gautam Adani are building modern India. Photo Illustration by Alberto Mier/CNN/Getty Images)
Several factors contribute to this positive trajectory, including strong service sector activity, growth in core infrastructure, and initiatives promoting self-reliance and production-linked incentives.
India's economy is experiencing a robust recovery post-pandemic, fueled by pent-up demand, increased industrial production, and government growth-oriented policies.
Now take the debate to a different realm.
Adani Ports & SEZ (APSEZ) is actively expanding its international presence, with a goal to triple its international operations by 2029-30.
This expansion includes significant investments in ports in Israel, Tanzania, and Sri Lanka, as well as potential acquisitions in Europe. APSEZ is also re-acquiring the North Queensland Export Terminal in Australia.
APSEZ already has inked MOUs for port-related activities in Vietnam, Malaysia, and the Philippines.
The company aims to double its share of overseas business to 15% by 2030, according to Bloomberg.
India’s liquefied natural gas purchases are set to more than double by 2030 as infrastructure expansion and modest growth in domestic production prompt a jump in consumption, according to the International Energy Agency.
Demand for the super-cooled fuel from the world’s fourth-largest buyer will rise to an annual 64 billion cubic meters by 2030, up from 36 billion last year.
This means an annual growth rate of 11% until the end of the decade, twice the average rate seen in the last 10 years.
Now onto another front.
Reliance Industries is undergoing a significant technology expansion, transforming itself into a deep-tech and advanced manufacturing company.
This strategic shift is driven by investments in cutting-edge technologies like AI, blockchain, and IoT, as well as the development of in-house technologies and innovative catalysts.
Reliance is also heavily investing in new energy technologies, including solar, energy storage, and hydrogen.
The company aims to become a net producer of technology, building everything from core infrastructure to software within the organization.
Reliance has significantly increased its investment in research and development, spending over Rs 11,000 crore (USD 1.5 billion) in the past four years, according to the Times of India.
They have developed numerous patents in various fields, including bio-energy, solar energy, and high-value chemicals.
Reliance has also established programs like Beyonders and D4 to foster a culture of innovation within the organization.
Reliance has partnered with companies like Nvidia to procure chips for their data centers. They have also collaborated with global PVC suppliers to enhance domestic sales.
These initiatives demonstrate Reliance's commitment to becoming a technology-driven company and contributing to India's technological advancement.
According to a CNN report PM Namo, Mukesh Ambani and Gautam Adani are reshaping India to become economic superpower.
The report says India is poised to become a 21st-century economic powerhouse, offering a real alternative to China for investors hunting for growth and manufacturers looking to reduce risks in their supply chains.
Reliance Industries and the Adani Group are sprawling conglomerates worth over $200 billion each, with established businesses in sectors ranging from fossil fuels and clean energy to media and technology.
"As a result, these three men — Modi, Ambani and Adani — are playing a fundamental role in shaping the economic superpower India will become in the coming decades," says CNN.
The report claims - Both Ambani and Adani are often compared by journalists to John D Rockefeller, who became America’s first billionaire during the Gilded Age, a 30-year period in the last decades of the 19th century.
(John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American businessman and philanthropist. He was one of the wealthiest Americans of all time and one of the richest people in modern history.)
In politics and journalism it is fashionable to lambaste Modi and friend Amit Shah. It is also fashionable to suggest this Team has promoted the theory and practice of 'Hum Do, Hamarey Do -- "We 2 and our's 2".
So we can now mention all the four together - Modi, Amit Shah, Mukesh Ambani and Gautam Adani.
Controversies are inherent parts of business growth and economy. But it is also a fact that foreign corporate honchos and western economies are growing nervous of this deadly 'Team of 4'.
Hence allegations and other rows are on expected lines.
It is the old classic case of looking at things from your own prism and perspective - the glass is half-empty or half-full !!
When you write figure Nine .... (9) ... from the other end it may look (6). That's life and that economy and today's strategic viewpoints too.
“India is in the middle of something that America and lots of other countries have already gone through. Britain in the 1820s, South Korea in the 1960s and 70s, and you could argue China in the 2000s,” said James Crabtree, the author of The Billionaire Raj.
It is “normal” for developing nations to go through such a period of rapid growth, which sees “income accumulation at the very top, rising inequality and lots of crony capitalism,” he added.
The Indian economy has many of those characteristics. Worth $3.7 trillion in 2023, it is now the world’s fifth largest economy, jumping multiple spots in the rankings during Narendra Modi’s decade in office since 2014.
There was also 'leapfrogging' the United Kingdom and Japan.
The top countries by GDP in 2025 are: United States ($30.50 trillion), China ($19.23 trillion), Germany ($4.74 trillion), India ($4.19 trillion).
Japan has fallen fifth.
But there are issues of concern.
Many Indian professionals, including doctors, engineers, and scientists, are working abroad, with a significant number in the UK, US, Canada, and Australia. High-net-worth individuals are also leaving, with some estimates suggesting a significant number of millionaires emigrating annually.
Wealth drain is closely linked to brain drain, as many individuals leaving India are also high-net-worth individuals. This can be due to a desire for a more stable political environment, better investment opportunities, and a more attractive lifestyle abroad.
Wealth drain can lead to a reduction in domestic investment, decreased tax revenue, and a slowdown in economic growth.
This is a good understanding of the factual position. Our India is ambitious to be a Developed Country and Super power by 2047. If we have such plans and visions; it is essential that India's Desi corporate houses go global. That's exactly what is happening around. Bravo Hum Do and Hamarey Do. This theory needs encouragement. = Tushar Bhadra
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