Mukesh Ambani, who lives in a billion dollar house, described an extremely bullish future for India at the Reliance Industries shareholders meeting.
"India is envisaged to grow from a $1.4 trillion economy to over $9 trillion by 2020 and over $30 trillion by 2030 in nominal terms," Ambani said.
For comparison's sake, HSBC predicts that India will have a $8.2 trillion economy by 2050 -- adjusted for inflation. Ambani's target is off the charts.
More from the world's ninth-richest man, via Economic Times:
India's continued march on a trajectory of high economic growth rate will translate into exponential growth in several sectors and RIL is well placed to participate in this growth story by aggressively "venturing into newer domains" he said.
"Reliance's greatest opportunity is to contribute to and also to benefit from India's galloping growth", Ambani said adding that RIL is determined to significantly enhance its ranking among global businesses.
