On Tuesday, Mukesh Ambani, Reliance Industries chairperson said that the Indian economy is likely to grow 13 times from its current level to reach a $ 40 trillion economy by 2047. Mukesh attributed the primary driving factors of wider digitalization and the clean energy revolution.
Last week, Asia’s richest man, Gautam Adani opined that India would become a $30 trillion economy by 2050 based on rising consumption and social economic reforms. With this Mukesh Ambani’s projection for the country’s economy, which is the fifth largest in the world only after the US, China, Japan, and Germany, sounds more optimistic.
Addressing the students in the 10th convocation ceremony of Pandit Deendayal Energy University, Mukesh said, “From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world.”
Mukesh highlighted that on the backdrop of the ‘Amrit Kaal’—the period henceforth till 2047 as India will be celebrating hundred years of independence-unfolds, the nation will witness an unprecedented explosion of economic growth and opportunities.
He added further saying “Three game-changing revolutions will govern India’s growth in the decades ahead, the clean energy revolution, the bio-energy revolution, and the digital revolution.”
Mukesh’s oil-to-telecom conglomerate Reliance Industries Ltd with his Jio disrupted the telecom sector, offering free voice calls and dirt-cheap data which played the role of a catalyst in bringing about the digital revolution in the country.
Mukesh asserted further “While the clean energy revolution and the bio-energy revolution will produce energy sustainably, the digital revolution will enable us to consume energy efficiently. All three revolutions will together help India and the world save our beautiful planet from the climate crisis.”
A very positive and enthusiastic Mukesh offered his valuable advice to the students. He indicated on focusing on the necessities of the time. He himself planned his businesses based on the needs of the economy. Mukesh is lauded for his smart, effective, and futuristic business strategies. It is under his able leadership that Reliance Industries Ltd has diversified rightly into diverse sectors with a sensible business approach. Mukesh gave the students the three mantras of success. Think Big, Think Green and Think Digital.
Young students are the future of our country. They will benefit from these three important mantras or hints in choosing their career, planning their businesses, and entering any business collaborations. His first mantra-Think Big appeals to think bigger, higher, and beyond the standard paradigms of society. Big thinking leads to big goals and motivates us to take larger actions. Big thinking increases our competency boosting our resourcefulness.
His second indication of Think Green, harps on the need for eco-friendly initiatives to be adopted in our daily lives and focus our profession accordingly. Businesses focusing on the Green initiatives of Green energy, biotechnology, renewable energies, zero carbon footprint, and similar other eco-friendly initiatives, will see a growing and bright future. It has been promoted and encouraged by the government with long-term holistic initiatives.
The third important mantra that Mukesh gave was Think Digital. In this modern age of the IT revolution, the digital transformation that has swept almost all sectors of industries will continue the bring in changes from time to time. Everyone should be geared up for the evolving trends of digital technologies and develop their professions on the same. The digital applications of Artificial Intelligence (AI), Machine Learning (ML), Robotic Process Automation (RPA), Augmented Reality (AR), Virtual Reality (VR), Blockchain technology, and many more. Digital technologies are excellent avenues of business expansion, business integrations, and resources for employment generation.
