Farm, IT sectors to drive growth: Ambani

"India’s vast potential of educated youth relate well to information technology who are capable of earning an average $ 20,000 per annum by working from India," he said.

By 2020, he expected 50 million Indians to earn $ one trillion per annum resulting in an astronomical demand for goods and services, thereby propelling India intothe big league.

“But this calls for a change in the mindset of each Indian who should pursue excellence. It also calls for a strong leadership in business as well as government,” he stated.

"It is time we define a clear role for the government which should continue to fulfil its role in developing a macro-economic regulatory framework that encourages competition," he said.