India is a development engine, and not simply a carriage: Mukesh Ambani–

Speaking at the 47th yearly basic conference of Reliance Industries on Thursday, RIL chairman Mukesh Ambani accentuated the obstacles that the globe economic climate is encountering because of problems in various areas while likewise indicating India ballot for connection and security in plan in these difficult times.

Ambani started his address to RIL’s 3.5 million investors by congratulating Indian Prime Minister Narendra Modiji for winning a 3rd successive term. He claimed, “The 2024 parliamentary elections have produced a resounding victory for stability, continuity, and, above all, for India’s vibrant democracy. This has enhanced India’s reputation globally. And it augurs well for the growth prospects of our economy.”

Reflecting on the state of the international economic climate, Ambani claimed, “The world of today brings both hope and concern. On the one hand, we are living in the best of times, with revolutionary breakthroughs in science and technology — especially in Artificial Intelligence, Computing, Robotics, and Life Sciences. They promise a future of unprecedented prosperity and well-being for all of humanity. The birth of AI, perhaps the most transformative event in the evolution of the human race, has opened up opportunities to address a number of complex problems facing mankind.”

“On the other hand, multiple geopolitical conflicts threaten global peace, stability, and even economies of nations. It is also no longer possible, nor acceptable, to ignore the stark developmental disparities amid rising aspirations for a better life in the Global South,” he claimed.

The RIL chairman revealed hope that India would certainly arise financially more powerful with the federal government establishing an objective of putting the nation in the organization of industrialized countries by 2047, when India commemorates 100 years of its Independence from British regulation.

He claimed, “Even in these uncertain times, there is one absolute certainty. And that certainty is the continued Rise of New India as it marches confidently towards the goal of Viksit Bharat in Amrit Kaal.”

“Among its peers globally, India has unmatched demographics and relatively lighter debt burdens with fast growth. Today, India is one of the biggest growth engines, and not just a carriage in the global economic train,” Ambani claimed.

He claimed, “The IMF forecasts that by 2027 India is set to emerge as the world’s third-largest economy, surpassing Japan, and Germany. Achieving this proud milestone will be the best way to celebrate the 80th anniversary of our independence.”

Echoing the sights of the IMF and the World Bank on the financial development price of India over the previous couple of years, Ambani claimed, “Irrespective of the volatile times globally, India remains the brightest beacon of hope for the world. With its rich cultural heritage, empowered population, surging economic power, and age-old advocacy of peace, our nation will play a pivotal role in changing the world for the better.”

( becomes part of the Network18 team. Network18 is managed by Independent Media Trust, of which Reliance Industries is the single recipient.)