Adi Godrej, the 73-year old patriarch and chairman of Indian conglomerate Godrej Group has high hopes for the country’s economy. “I think by the next financial year, India will be the fastest growing major economy in the world. I’m very optimistic about India’s economic future, and I feel that by 2050… India will become the largest economy in the world.”
Speaking to CNBC’s Oriel Morrison in an Entrepreneur Asia: Power Players interview, Godrej praised Narendra Modi’s government for its bold vision to develop India’s economy through campaigns like “Make in India” and “Smart Cities”.
“The Modi government is very growth oriented, very reform oriented, so I believe they’ll do good work. But of course, we have a raucous democracy. Nothing moves as fast as one would like to, just by clicking one’s fingers. But I expect we’ll do very well.”