Get All Access for $5/mo

India Can Become a $40 Trillion Economy By 2047: Mukesh Ambani By the end of 2022, Reliance will cross the half-way mark of its golden decade and in five years from now it will complete fifty years

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


The next 25 years are going to be the most transformational in the 5,000 year-old history of India. "We can become a $40 trillion economy by 2047 – the centenary of our Independence — in a sustainable and stable manner," said Mukesh Ambani, chairman and managing director of Reliance Industries Ltd., at the Reliance Family Day function.

At a time when uncertainty, volatility and even regression can be seen in many parts of the world, India is being regarded globally as a shining spot. Acutely aware of this opportunity and responsibility, Reliance has embarked on a journey of comprehensive self-transformation. By the end of 2022 Reliance will have crossed the half-way mark of its golden decade, in five years from now, Reliance will complete its fifty years.

Talking about his expectations from the leaders and employees in businesses and initiatives, he said, "Under Akash Ambani's chairmanship, Jio is rolling out the world's best 5G network across India at a pace, which is faster than anywhere in the world. Jio's 5G deployment will be complete in 2023," he said, adding that Jio platforms should now get ready for India's next big opportunity – to provide unique digital products and solutions to both domestic and international markets.

Talking about the retail business, he said, "Our Retail business has grown rapidly. It has emerged as one with the widest and deepest reach in India, across all product baskets. Most significantly, Reliance Retail has created over two lakh new jobs last year, becoming one of India's leading employers."

The conglomerate continues to build its leadership in the O2C business with new capacities and capabilities. "In the E&P Segment, our team continues to work harder for providing energy security for India."

The group is also focusing on its media & entertainment business and its integration with the digital services that will reinvent the industry completely. New Energy is Reliance's newest startup business, "The goals before our New Energy Team are crystal clear, it will enable India to achieve security and self-sufficiency in energy by reducing the dependence on imports."

The year 2023 will also be a year of renewal and revitalisation for Reliance Foundation: It is working on ambitious new initiatives in education, healthcare, sports, women's empowerment and ecological conservation.

Shrabona Ghosh


A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
News and Trends

Ted Sarandos, Netflix Co-CEO, says, 'Heeramandi: The Diamond Bazaar is our biggest drama series to date in India'

As the SanjayLeela Bhansali-created web series Heeramandi: The Diamond Bazaar made a huge contribution to the second quarter 2024 earnings of Netflix, the company highlighted the show that celebrates a true-blue Indian story

Business News

Want to Start a Business? Skip the MBA, Says Bestselling Author

Entrepreneur Josh Kaufman says that the average person with an idea can go from working a job to earning $10,000 a month running their own business — no MBA required.


Your Definition of Leadership Is Outdated — Here's How to Be a Better Leader in the Modern Workplace

In my nearly thirty years as a leader, I've focused on setting a clear vision and empowering my team to achieve our goals. We prioritize establishing shared objectives while allowing for flexibility when needed.

Starting a Business

They Showed Up to Apple With a Product They Built in Their Dorm Room. Now These Entrepreneurs Are on the Way to Changing the Way Fans Watch Sports.

How Rahat Kulshreshtha and Gaurav Mehta launched Quidich Innovation Labs, technology that is literally changing the game of sports viewership.

News and Trends

Cyber Attacks on Indian Organizations Surge 46% In Q2 2024: Report

Indian organizations must build robust cybersecurity mechanisms to protect their infrastructure. Failure to do so can lead to the loss of large data sets, significant capital, and sensitive credentials, including banking, healthcare, and military data

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.