India has the potential to become a $40 trillion economy in a sustainable and stable manner by 2047, Reliance Industries Ltd (RIL) chairman and chief executive Mukesh Ambani said on Thursday.
“This goal ($40 trillion savings) is realistic and achievable because India is blessed with the power of young demographics, mature democracy and the newfound power of technology,” Ambani said when speaking at Reliance Family Day Function spoke.
At a time of uncertainty, volatility and even regression in many parts of the world, India is seen as a bright spot globally, he noted.
From an era of scarcity, scarcity and widespread poverty, India will enter an era of inclusive prosperity, abundance of opportunity and unimaginable improvement in the comfort and quality of life of 1.4 billion Indians, he said.
“As I look at the state of the world today…the global financial landscape, the technology landscape, and the supply chain landscape…I instinctively feel that we’re going to see profound, amazing and unexpected changes in the coming decade,” Ambani said.
“I can clearly see India riding this tsunami of change and achieving what previously seemed impossible,” he added.
The next 25 years will be the most transformative in India’s 5,000-year history, Ambani said, adding that the country is poised to achieve exponential economic growth.
