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India to become the Third Richest Country, says Mukesh Ambani

India to become the Third Richest Country, says Mukesh Ambani

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  30 Oct 2018 10:37 AM GMT

Mukesh Ambani, the Indian business magnate, speaking about the bright future ahead for India, said, “In the next two decades, I can confidently say that India shall be leading the world and shall contribute to the next wave of global economic growth.”

Ambani further stresses that although India missed being a part of the first three industrial revolutions, it is now capable enough of leading the fourth revolution with its vast tech-savvy young population. The nation, according to Ambani, is on the way to becoming one of the three richest countries in the world.

Mr. Ambani, speaking at the 24th MobiCom conference in New Delhi, further lauds his nation saying that the digital transformation India is showing in such a short span of time is “unmatched and unprecedented.” The drastic progress of the country, from being 155th in wireless broadband technology adoption to taking the lead in just 24 months is incredible.

Going back to the 1990s, at a time when Reliance was building its oil refinery and petrochemical projects, India had just come out of a severe financial crisis with its gross domestic product (GDP) around $350 billion. He added that at that time, very few in the world had thought that India’s prospects were bright. But today, India records a GDP near $3 trillion and this marks that India is rightly on its way to becoming one of the three richest countries in the world.

He further adds, “In the next two decades, I can confidently say that India shall be leading the world and shall contribute to the next wave of global economic growth.”

Ambani then spoke about India’s status during the first two industrial revolutions which were powered by coal and steam and electricity and oil. In the third industrial revolution as well, Indian had just started playing catch-up in the computer-driven world.

He said, “The fourth industrial revolution is now upon us. It is marked by a fusion of technologies straddling the physical, digital and biological worlds. I can say with full confidence that India has a chance of not just participating in the fourth industrial revolution, but also leading it.”

He also pointed at the drastic changes and developments taking place in the nation that clearly distinguishes it from the India of the yesteryears. He emphasized how the young population of the nation is contributing towards taking the country ahead. He further hopes how amazing it would be if the billions of minds of the country work combined.

Also read: Data Should be Used with Adequate Safeguards: Mukesh Ambani

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