Billionaire Adani Says India Will Add $1 Trillion to GDP Every 12-18 Months
- Pared exposure to local banks, relying more on overseas bonds
- India to add $1 trillion to GDP every 12-18 months next decade
Gautam Adani
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Asia’s richest man Gautam Adani said credit metrics at his businesses are improving and a deeper understanding of his rapidly expanding conglomerate would allay any concerns around its borrowings.
“Greatly surprised by the conversations about our debt,” Adani said in an interview with local news channel India Today late Wednesday. “In the past nine years, our profit has been growing at twice the rate of our debt.”