Mukesh Ambani Outlines Vision for India's Economic Growth

Mukesh Ambani on Wednesday said sustained double-digit growth is well within India’s reach, stressing that stable economic leadership is what truly defines a strong nation.

In an address at a JioBlackRock conference, the chairman of Reliance Industries has given a rosy outlook of the direction of the Indian economy in the coming ten years.

Ambani claimed that the development of India is determined by the stability of leadership and policy. To him, long term stability breeds trust, capital is attracted and businesses are able to have future plans. He went on to state that India has already established a solid base to facilitate accelerated and wider growth of the Indian economy.

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touching on the energy security, Ambani declared that India would be able not to import 80 per cent of its energy requirements within the coming ten years. This transformation, he observed, would enable less reliance on international markets and national resiliency in a period when the energy volatility across the globe is still too high.

He also pointed out the digital development within India as he explained that all the Indian villages now have a 5G network, that is superior and cost effective, than any other part of the world. This connectedness, according to Ambani, is one of the greatest equalizers that can open up the growth potential in rural regions, as well as facilitate the new-age businesses.

Ambani pointed out that long term growth requires sustained law and order of 15 to 20 years and social harmony. He had the right environment, and the entrepreneurship will flourish, he said, and “I can clearly see 100 new Reliances coming up in the country”, he added.

The comments again put Mukesh Ambani in the limelight of the discussion concerning the future of the Indian economy.