Mukesh Ambani says that in two decades, India will rise to be among the top 3 economies

India will be among top 3 global economies in next two decades: Mukesh Ambani

On Tuesday, Mukesh Ambani said India would rise to be one of the world’s top three economies in the next two decades and would more than double its per capita income.

He said the middle-class of India, which is around 50 percent of the total number of households in the country, will rise 3-4 percent per year in a fireside chat with Facebook head Mark Zuckerberg.

Mr. Mukesh Ambani, who heads oil-to-retail-to-telecom conglomerate Reliance Industries Ltd., said that he strongly believes that India will rise to be among the top three economies in the world in the next two decades.

He said, “More importantly, it will become a premier digital society, with young people driving it. And our per capita income will go from $1,800-2,000 per capita to $5,000 per capita.”

He added that the golden opportunity for Facebook and many other enterprises and entrepreneurs worldwide to be in India is to be part of this economic and social change that will intensify in the coming decades.