India can become a $40 trillion economy by 2047 when it will mark the centenary of independence, Reliance Industries’ chairman Mukesh Ambani said on his father Dhirubhai Ambani’s birth anniversary, also celebrated as Reliance Family Day.

Ambani said that the next 25 years are going to be transformational for India.

The billionaire said that the goal is realistic and achievable in a sustainable and stable manner. He added that India is ‘blessed with the power of young demography, mature democracy and newly acquired power of technology.’

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

Ambani referred to India as a ‘shining spot’ at a time when there is uncertainty, volatility and regression in many parts of the world, with many fearing the onset of another recession in 2023.

Ambani further shared his goals for his conglomerate that has spread into sectors including telecom, retail and oil, assigning roles to his three children.

His elder son Akash will head the telecom sector, daughter Isha will head the retail business and the youngest son Anant will head the energy business.

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