India's economy to reach $10 trillion by 2034, says KM Birla at Birla Opus launch

KM Birla highlighted the construction sector's potential to command 9 percent of GDP and the immense growth potential in paint consumption

Aditya Birla Group chairperson Kumar Mangalam Birla has launched the group's paints business, Birla Opus, marking a significant milestone for the company. Birla reiterated his optimism about the Indian economy and emphasised the pivotal role that the group's businesses will play in driving economic growth.

He highlighted the construction sector's potential to command 9 percent of GDP and the immense growth potential in paint consumption, driven by a rising population and booming real estate.

Also read: Birla Opus' revenue to cross Rs 10,000 cr in 3 years; have higher capacity than market leaders: Grasim's KM Birla

The Aditya Birla Group's entry into the paints market signals its confidence in the sector's future bolstered by the government’s push for infrastructure development and housing for all. KM Birla noted that India's economy is expected to reach $10 trillion by 2034, with the paints sector set to surpass the Rs 3,00,000 crore mark by that time. Birla Opus is uniquely positioned to capitalise on this dynamic landscape.

In his annual note last month, Kumar Mangalam Birla stated that while large pockets of the world remain engulfed owing to a multitude of factors, India remains a shining example of unwavering optimism.

“This is the dynamism and energy of a young country and an ancient civilisation that has found its voice and footing,” Birla wrote. “There is a palpable sense that the country is on the move. India is awash with optimism, pride, and anticipation,” the note further said.

“This anticipation stems from our country’s accelerated high-growth trajectory. And for that, our government deserves much credit. There is a palpable sense that the country is on the move. India is awash with optimism, pride, and anticipation. This anticipation stems from our country’s accelerated high-growth trajectory. And for that, our government deserves much credit."

Referring to the viral meme ‘just looking like a wow’, Birla had said that the theme echoes the vibrant energy of the Indian economy and captures the unparalleled nature of this moment.