Reliance Industries Limited Chairman Mukesh Ambani on Tuesday expressed strong confidence in India’s long-term economic trajectory, stating that the country is capable of sustaining 8–10 per cent annual growth and may even achieve double-digit expansion over an extended period. He made these remarks while speaking at the “Investing for a New Era” event in Mumbai, during a conversation with BlackRock Chairman and CEO Larry Fink.
Ambani said India has emerged as the fastest-growing major economy globally, supported by consistent policy direction and stable governance. He noted that continuity in economic leadership over the past decade has created a predictable environment that has strengthened investor confidence and positioned India as a key global growth engine.
Highlighting India’s long-term potential, Ambani projected that the country’s nominal GDP, currently estimated at around USD 4–4.5 trillion, could expand to USD 25–30 trillion over the next 20 to 30 years. He said India’s economic foundation is strong and visible, with growth that is sustainable and broad-based across sectors.
He also pointed to structural improvements such as digital infrastructure expansion, energy transition efforts, and improved mobilisation of domestic savings into productive investments as critical drivers of future growth. Ambani added that India is steadily moving towards greater energy self-reliance, which would further strengthen economic resilience.
BlackRock CEO Larry Fink echoed the optimism, describing the coming decades as the “era of India” and highlighting the country’s growing role in global investment and capital markets.
