Oh Indian Journalism !

[Hafizzz]

India to become $30 tn economy: Ambani
India to become $30 tn economy: Ambani - Indian Express

India is poised to become a USD 30 trillion economy by the year 2030 from the current USD 1.4 trillion, industrialist Mukesh Ambani said.

"India is envisaged to grow from a USD 1.4 trillion economy to over USD 9 trillion by 2020 and over USD 30 trillion by 2030 in nominal terms," corporate giant Reliance Industries Chairman Mukesh Ambani said while addressing RIL's shareholders at the company's 37th AGM.

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.

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India's economy is certain to become the third largest in the world in the foreseeable future.

Global economic scenario improved significantly in the year 2010 owing to accommodative monetary policies by most governments, which led to high liquidity in the system and stronger growth and higher demand.

"This milieu presents Reliance with several opportunities and challenges. Opportunities in market growth and for investments across each of its businesses," Ambani said.

Ambani said the company will have to confront challenges arising out of high commodity and input prices besides inflationary trends.

Talking about Reliance Foundation, the philanthropy arm of the group, he said it is working on developing a multi disciplinary University in Maharashtra and an engineering college and polytechnic institute in Gujarat.

Besides, Reliance Foundation is also upgrading the Hurkisondas Nurrotumdas Hospital in Mumbai to world class standards, he added.

I respect Indian Journalism very much !

 

[johnny boy]

better than rupee news!!!!!!!!!!!!!!!!i can guarantee u that

 

[Firemaster]

ahhhh don,t be jealous
khuda hafffizzz

 

[paritosh]

I respect Indian Journalism very much !

could you please shed some economics on the article?

 

[Masterchief]

could you please shed some economics on the article?

his scope is only limited to anti indian stuff, dont expect anything better from him.

 

[Hafizzz]

could you please shed some economics on the article?

"India is poised to become a USD 30 trillion economy by the year 2030 from the current USD 1.4 trillion, industrialist Mukesh Ambani said."

Oh yes, if the above statement have any truth in it then India have to be on ultra potent steroid to grow from $1.4T in 2011 to $30T in 2030 in 19 years !!! Even USA, China or Japan can't grow that fast.

 

[Pioneerfirst]

Although I appreciate Indian Economic Policies,no doubt they have many lessons for us but 30 trillion is not possible in 2030.Even USA today have 14 trillion.

 

[acetophenol]

i,with my limited economical knowledge,do not think that india will become 30 trillion economy by 2030.

but hafizz,
there is nothing wrong with indian journalism,as the title says.
that newspaper just reported what ambani told.is that the problem of indian journalism?
you may blame ambani,if you think what he said is wrong.