Business

India will grow to be among top three economies in two decades: Ambani


Mr. Ambani says India’s middle-class, which is about 50% of the nation’s total number of households, will grow 3-4% per year.

Mukesh Ambani on Tuesday said India will grow to be among the top three economies in the world in the next two decades and per capita income would more than double.

At a fireside chat with Facebook head Mark Zuckerberg, he said India’s middle-class, which is about 50% of the nation’s total number of households, will grow 3-4% per year.

“I firmly believe that in the next two decades, India will grow to be among the top three economies in the world,” said Mr. Ambani, who heads oil-to-retail-to-telecom conglomerate Reliance Industries Ltd.

He said, “More importantly, it will become a premier digital society, with young people driving it. And our per capita income will go from $1,800-2,000 per capita to $5,000 per capita.”

Facebook and a lot of other companies and entrepreneurs in the world have a golden opportunity to be in India, to be part of this economic and social transformation that will accelerate in the coming decades, he added.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button