India can become $40 trillion economy by 2047

At a time when uncertainty, volatility and even regression can be seen in many parts of the world, India is being regarded globally as a shining spot, he noted.

From an era of shortages, scarcity and widespread poverty, India will enter an era of inclusive prosperity, abundance of opportunities, and unimaginable improvement in the ease of living and quality of life of 1.4 billion Indians, he said.

“When I look at the state of the world today…at the global financial landscape, technological landscape and the supply chain landscape…I instinctively feel that we are going to see profound, astonishing and unexpected changes in the coming decade,” Ambani said.

“I can clearly see India riding this tsunami of changes and achieving what looked impossible earlier,” he added.

The next 25 years are going to be the most transformational in the 5,000 year-old history of India, Ambani said, adding that the country is poised to achieve exponential economic growth.