‘India’s rise unstoppable’: Mukesh Ambani for India-first development model at RIL AGM; here’s what he said
Reliance Industries Chairman Mukesh Ambani on Friday said that India’s rise is unstoppable. Ambani was addressing Reliance shareholders at the company’s Annual General Meeting. “Despite geopolitical uncertainty, one truth is crystal clear, India is on the rise, and India’s rise is unstoppable,” Mukesh Ambani said.Ambani’s comments come at a time when the Donald Trump administration is waging a trade war, with India faced with a 50% US tariff.
India’s economy unstoppable, says Mukesh Ambani
Talking about the Indian economy, Ambani said, “India’s GDP is growing faster than all major economies. With the right set of reforms, advanced manufacturing capabilities and a national priority on deep tech, our economy can grow at 10% annually.”“This will mean that the per capita income of Indians could rise four to five times within the next two decades, making India not just a prosperous nation, but also a more equal nation,” he added.At the start of his address, Ambani said, “The global economy today is navigating through an era of great uncertainty. Geopolitical tensions are rising. Volatility is persistent and predictability is scarce. The world is realizing that conflict produces no winners, whereas, cooperation, ensures shared prosperity, when nations, cooperate, trade flows freely investments flourish, and everyone wins.”“In today’s interdependent world, the prosperity of each country is inseparably linked to the prosperity of all. Paradoxically, while uncertainty surrounds us, humanity also stands at the threshold of a golden age in the 21st Century, an age defined no longer by scarcity, but by super abundance and super affordability for all the 8 billion people on this planet,” he said.Ambani went on to say that the global GDP, at $110 trillion has the potential to reach $500 trillion, within the next 25 to 30 years. “Imagine in our own lifetime, we can end poverty globally and ensure that every human being has access to all basic needs. For this vision to be realized, it is our hope that the world leaders choose cooperation over conflict, dialogue over discord and Win-Win agreements over zero-sum rivalries,” he said.
Ambani advocates ‘India-first’ model of development
“Importantly, India need not copy any foreign model. We have the ability and the responsibility to create an India-first model of development. This model will use deep tech to bring prosperity and security to India, improve the quality of life of each and every Indian, and protect the environment,” he said.“This model will also harmonize technology with democracy, economy with culture, spirituality, with science and national aspirations, with friendship across all nations. This is the collective dream of nearly 1.5 billion Indians to build a nation that leads with both prosperity and compassion,” he added.
