India's Economy Will Double To USD 5 trn By 2024: Mukesh Ambani

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Indian economy will double to USD 5 trillion by 2024, and the country's rise will be higher than China's by the middle of 21st century, Reliance Industries Chairman and India's richest man Mukesh Ambani said today. At the HT Leadership Summit here, Ambani recalled that he in 2004 had predicted about India then a USD 500-billion economy hitting USD 5 trillion in 20 years.

    "Today, that prediction seems certain. Indeed, it will be achieved well before 2024," he said. India's GDP size is nearly USD 2.5 trillion and ranks sixth in the world. "Can we triple it to USD 7 trillion in the next 10 years and become the third-largest economy in the world? Yes, we can. Can we cross the USD 10-trillion mark by 2030, and close the gap between India and China, and India and USA? Yes, we can," he added, reports PTI.

    India's Economy Will Double To USD 5 trn By 2024: Mukesh Ambani

    Ambani was optimistic that India can become more prosperous than the US and China within this century. "I believe that the coming three decades will be the defining decades for India. By the middle of 21st century, India's rise will be higher than China's. And more attractive to the world," he said. According to Ambani, India will provide a superior and different developmental model that will create equitable and inclusive growth.

    Read more about: mukesh ambani economy
    Story first published: Friday, December 1, 2017, 14:45 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more