India's start-up ecosystem can create 100 new Reliances: Mukesh Ambani
What's the story
Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, has said that India's start-up ecosystem has the potential to create "100 new Reliances." He made the statement during a JioBlackRock fireside chat with BlackRock CEO Larry Fink in Mumbai. Ambani's comments came as he highlighted India's sustained economic growth, policy continuity, and rising global interest in the country.
Economic outlook
Durable and broad-based growth
Ambani said the Indian economy is at a point where growth is visible, durable, and broad-based. He attributed this phase of growth to long-term reforms and structural stability. "India, and the tree of the Indian economy, is bearing fruit with great visibility, with sustainability and abundance," he said. Ambani emphasized that this growth has been possible due to sustainable policies and a disciplined economic approach over the years.
Start-up potential
Start-up ecosystem can give rise to large enterprises
Ambani expressed his excitement about India's start-up ecosystem, saying it could give rise to many large, globally relevant enterprises in the long run. "The start-up industry excites me the most. I can clearly see a 100 new Reliances," he said. His statement reflects a strong belief in the potential of India's entrepreneurial spirit and innovation capacity to drive economic growth.
Global recognition
Changing global perception of India
Ambani also noted that India's global perception is changing, with international governments and investors increasingly recognizing its long-term potential. He said this shift is due to key diplomatic and trade initiatives such as the treaty with EU and the US-India deal. "The world is taking note of India," he said, adding that these developments are helping set a strong foundation for decades to come.