Reliance Industries chairman Mukesh Ambani said India can sustain growth of 8-10 per cent and could even achieve double-digit expansion in the years ahead, driven by policy continuity, infrastructure build-up and rising domestic investment.
Mukesh Ambani said India is set to grow faster than the rest of the world while speaking at a Jio-BlackRock event in Mumbai, in conversation with BlackRock CEO Larry Fink.
He said the Indian economy is now “bearing fruit” with clear visibility, sustainability, and long-term strength, helped by consistent and predictable government policies. India, he added, has followed a conservative and stable economic approach.
Ambani pointed out that Indians have been saving steadily for the last five to six decades, but those savings have not always been productive. Through JioBlackRock, the aim is to help people convert their savings into earnings by offering better investment options.
He also said that over the next decade, India will sharply reduce its dependence on energy imports, moving away from importing nearly 80% of its energy needs.
On technology, Ambani said India will not lag behind global peers in building strong digital and technological infrastructure. He estimated India’s economic opportunity at around $4.5 trillion and said that over the next 20-30 years, India is well placed to outgrow the rest of the world.
