India Can Become $40 Trillion Economy By 2047, Says Mukesh Ambani

The world is seeing the 21st century as "India's century", and the country can become a "$40 trillion economy by 2047", Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani said on December 28, in a virtual address marking the 90th birth anniversary of RIL founder Dhirubhai Ambani. "India will enter an era of prosperity, an abundance of opportunity and unimaginable improvement in the ease of living and quality of life of 1.4 billion people", Ambani said in his RIL Family Day address, further noting that the country is being considered globally as a "shining spot". The next 25 years will be the most transformational in the 5,000-year-old history of India, he added. "This is when India is poised to achieve exponential economic growth. We can become a $40 trillion economy by 2047 in a sustainable and stable manner," Ambani claimed.