With that much traffic he would have to run an affiliate or drop shipping to make his goal I think. Even then he may need more traffic unless its a juicy niche.
It is possible with that amount of traffic. I did it on a blog a couple of years back. The problem is that Adsense isn't sustainable. The risk of getting banned is far too high for it to be reliable.
If you are targeting the indian traffic then you will around 5000 to 7000 visitors per day to achieve that goal. I had a site which was having 5000 visitors a day and I was making around 15 to 17 dollar per day
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