No better time to bet on India than now: Gautam Adani

BusinessNo better time to bet on India than now: Gautam Adani

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No better time to bet on India than now: Gautam Adani

New Delhi: The economy of the country has been badly affected due to Corona. Moody’s has also reduced the rating, after which questions are bound to arise in the minds of investors. However industrialist Gautam Adani says no better time to bet on India than now. He said that despite the recent decline in economic growth rate, India will be the major consumption center of the world. Also, for the next several decades, India will remain the world’s leading center of manufacturing and services.

India’s economic growth rate has come down to 4.2 percent in the last fiscal year 2019-20, which is its low of almost a decade. The Reserve Bank of India along with international rating agencies also forecast that the country’s economic growth rate will decline in the current financial year due to the applicable lockdown caused by the corona virus. In the annual report of Adani Gas Limited, Adani said, ‘We must understand that no idea can be completely right or wrong. Today, at the time of this crisis, the need of such a government is to take a decision based on the available information. Also, when new information arrives, we can adapt ourselves to it.

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