Mukesh Ambani Says India Will be Among Top 3 Economies in 10 Years
India will grow from its current size of $2.5 trillion to over $7 trillion in the next 10 years to rank among the top three economies in the world, Mukesh Ambani said at the India Mobile Congress in New Delhi.
File photo of Reliance Industries Ltd. Chairman and MD Mukesh Ambani.
New Delhi: Mukesh Ambani, Chairman and MD of Reliance Industries Ltd., has predicted that India will be among the top three economies worldwide in the next 10 years.
India will grow from its current size of $2.5 trillion to over $7 trillion in the next 10 years to rank among the top three economies in the world, Ambani said at the India Mobile Congress in New Delhi on Wednesday.
Ambani said data is the “new oil”, and India’s mobile data infrastructure is unparalleled in the world.
In the last one year, India jumped to becoming the largest data consuming country from the 155th slot in mobile broadband penetration, he said, adding that the pace at which India has grown is unparalleled in the world.
At the event, Ambani said 4G coverage will expand in the next 12 months to overtake 2G usage in the country. Reliance launched Jio a year ago, which provides 4G data services.
Ambani added that, as a nation, India missed out three phases of the industrial revolution — mechanisation, mass production and automation. However, the fourth industrial revolution has begun and India has an opportunity to lead, he said.
Mobile internet and cloud computing are the foundations of the fourth industrial revolution and data is the new oil, Ambani said. “We do not need to import it. We have it in abundance. It will help in creating prosperity and opportunities for India and 1.3 billion Indians.”
The first edition of the three-day industry event organised by the Department of Telecom kicked off in New Delhi on Wednesday.
Apart from Ambani, Bharti Enterprises chairman Sunil Mittal, Aditya Birla Group chairman Kumar Mangalam Birla and Vodafone Group CEO Vittorio Colao were also present at the event.
Disclaimer: News18.com is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited that also owns Reliance Jio
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- Priyanka Chopra Plans the Perfect Birthday Outing for Nick Jonas
- OnePlus 7T With Round Triple-Camera Module Revealed in Official Press Image
- 33,000 People Want Oxford Dictionary to Change its Definition of 'Woman'. Here's Why.
- Want a 1Gbps Broadband Connection For Your Home? That Will be Rs 1,549 Onwards
- Sunil Grover Finally Breaks Silence on The Kapil Sharma Show Comeback Rumours