Excelsior Correspondent
MUMBAI, Feb 5: There is an old Indian saying that a tree only attracts attention if it bears fruit. Today, in this new era, India and the tree of the Indian economy is bearing fruit.
This was stated by Mukesh Ambani, Chairman Reliance Industries Limited (RIL) during an event titled “Investing for a New Era”.
The event was organized by Larry Fink, CEO of Jio-BlackRock.
Larry Fink, whose firm manages the world’s largest pool of capital, opened the discussion by framing India’s current trajectory as a unique historical moment that transcends traditional market cycles.
The two leaders shared a vision of a subcontinent that is no longer merely a participant in the global economy but its primary engine. They signaled the definitive arrival of the “Era of India.”
The summit, attended by the crème de la crème of the financial and tech worlds, served as a manifesto for the next three decades of Indian growth, with Ambani projecting a path for India to become a $25 to $30 trillion economy within the next 30 years.
Fink highlighted that “the fundamental foundation of any country is having the domestic economy being built on the back of retirement savings, on the back of excess savings to invest alongside of that,” stressing the need for Indians to become active stakeholders in their own national success.
Mukesh Ambani responded to this optimism with a powerful metaphor rooted in Indian wisdom, describing the current economic climate as a period of harvest.
He noted that this growth is characterized by sustainability and abundance, expressing confidence that a sustained 8% to 10% economic growth rate is not just a dream but “possible and doable” for the nation.
Ambani concluded the session by reiterating the long-term goal of a $30 trillion GDP, noting that India is currently at a stage where “it is not capital, which is a problem, it is opportunities and execution.”
By providing a transparent framework for both consumers and investors, Ambani believes India will inevitably “outgrow the rest of the world” and find its rightful place as a global economic titan in the three decades to come.
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