RIL chairman stresses compounding, investment access, and savings discipline as India eyes sustained growth.
India’s fast-expanding startup ecosystem, supported by policy continuity, rising household savings, and deeper capital markets, could give rise to “100 new Reliances,” Mukesh Ambani, Chairman of Reliance Industries, said, expressing confidence in the country’s long-term growth trajectory.
Describing the economy as structurally strong, Ambani said India is entering a decisive phase of expansion. “India is a tree laden with abundant fruits,” he said. “The Indian economy is bearing fruit with great visibility, sustainability, and abundance.”
Ambani said entrepreneurship excites him the most in the current phase of India’s growth. “I can clearly see 100 new Reliances coming up in the country,” he said, attributing this optimism to conservative policymaking, continuity in reforms, and a maturing startup ecosystem.
On household finance, Ambani highlighted the need to channel India’s strong savings culture into productive investments, pointing to the opportunity through Jio-BlackRock.
“Indians have saved consistently over the last five-six decades, but that has not been productive,” he said. “Our opportunity is to encourage Indians to save and give them the option to convert those savings into earnings.” He stressed that compounding is central to long-term wealth creation.
“Money lying in a bank account at simple interest is not compounding. Money in the stock market is compounding,” Ambani said, adding that India now has an efficient market structure to support wider participation.
Looking ahead, Ambani projected a sharp expansion in India’s economic scale. “Thirty years from now, India can be a $30 trillion economy,” he said, adding that India is likely to become reasonably self-sufficient in energy within the next decade.
Calling the current phase a “new era,” Ambani urged the country to preserve its traditional savings discipline. “People will die for 10 per cent year-on-year growth,” he said. “India needs to continue with a savings mindset, not a deficit mindset.”
(Disclosure: Firstpost is a part of the Network18 Group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
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