‘India is $4.5 trillion economy in $110 trillion world. With AI, it will reach $25–30 trillion in next 20–30 years,’ says Mukesh Ambani

At a fireside chat with BlackRock Chairman and CEO Larry Fink in Mumbai at a Jio-BlackRock event, Mukesh Ambani said he envisions India entering a once-in-a-generation phase of growth with the potential to reshape both its economy and its global standing.

Mukesh Ambani says India will reach $25–30 trillion in next 20–30 years

He even argued that India could capture up to $30 trillion of new value over the next three decades as global growth accelerates on the back of technology and artificial intelligence.

“It’s $110 trillion world, $4.5 trillion India. $110 trillion world, with AI productivity, will go up to a $300 trillion world in three decades. India has the opportunity to take its share of like $35 trillion. We have $30 trillion of new value that has to be created,” the Reliance Chief said.

The industrialist remarked that startups and young entrepreneurs will be key to the country’s massive transformation despite the challenges that inevitably come with building businesses at scale.

"In the private sector, what excites me the most is the startup industry. When I interact with startups and we see young 28-30 year olds starting up companies, and I can clearly see, right, 100 new Reliances in terms of where they are going and the aspiration, the confidence that they have,” Ambani said.

“And that is what people will participate in in the next three decades. And that’s why even 100 Reliances may not be enough. But that’s the opportunity for a young Indian starting today,” he added.

Mukesh Ambani claimed that India could meet nearly 80 per cent of its energy requirements domestically over the next decade.

India is currently the world’s third-largest consumer of crude oil after the United States and China, meeting more than 80 per cent of its energy needs through imports.

This dependence has made the country vulnerable to global supply disruptions and price volatility.

To address this, the Indian government has been pushing aggressively for renewable energy, targeting 500 gigawatts of clean power capacity by 2030 to reduce imports, cut emissions and improve energy security.

“In the next decade, India will not import 80 per cent of its energy, we have a path and with technological breakthroughs, we will be reasonably self sufficient in energy,” Ambani said.

He further remarked that India’s long-standing culture of savings has not translated into productive wealth creation, creating a major opportunity for JioBlackRock to help channel household savings into investments.

“Indians have saved consistently over the last five or six decades, but that has not been productive,” Ambani said.

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