• Monday, April 28, 2025

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India can turn into a $40t economy by 2047, says Mukesh Ambani

Mukesh Ambani (ANI Photo)

By: Shubham Ghosh

Mukesh Ambani, one of India’s most prominent industrialists, feels that the next 25 years are going to be most transformational in the country’s 5,000-year-old history and during this time, the South Asian nation can see its journey accelerating towards becoming a $40-trillion (£33.1 trillion) economy by 2047, the year that will mark the centenary of its Independence.

Speaking at the annual Reliance Family Day event on Wednesday (28) to commemorate the birth anniversary of his father Dhirubhai Ambani, the 65-year-old Mukesh said “from an era of shortages, scarcity, and widespread poverty”, India was set to “enter an era of inclusive prosperity, abundance of opportunities, and unimaginable improvement” in the ease of living and quality of life of 1.4 billion people who live in the country.

“Similarly, at a time when uncertainty, volatility and even regression can be seen in many parts of the world, India is being regarded globally as a shining spot,” he said, the Hindu BusinessLine reported.

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Laying out his expectations for the next generation of leaders at Reliance Industries Limited, Ambani said, “Jio Platforms should now get ready for India’s next big opportunity – to provide unique digital products and solutions to both domestic and international markets. Since every single village will have 5G connectivity, India has a historic opportunity to completely erase the rural-urban divide which has plagued our country for so long.”

Earlier in 2022, Ambani brought to the fore a new organisational structure for the group to clarify the succession roadmap.

As per the plan, the Jio Platforms is managed by his elder son Akash Ambani while the retail is under his daughter Isha.

New Energy, Reliance’s latest start-up business, will be under Ambani’s younger son Anant.

“The goals before our New Energy Team are crystal clear. Enable India to achieve security and self-sufficiency in energy by reducing the dependence on imports,” the RIL chairman said.

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