Bengal Global Business Summit 2019: Mukesh Ambani predicts 'World Number 1' economy tag for India by 2047

Indian economy is poised for greatness. Reliance Industries chairman Mukesh Ambani firmly believes that India can become the World No.1 by 2047 if people of the nation work hard.  Speaking at the Bengal Global Business Summit in Kolkata, Ambani said, "In 2019, India is all set to become the world’s fifth largest economy, overtaking the United Kingdom. We are ahead of all countries except the United States, China, Japan and Germany." The country will become the third largest economy in the next 10 years, and the second largest in the next two decades. Ambani said, "In about a decade, India will become the third largest economy with a GDP of over USD 10 trillion – which is about four times the size of our economy today. In two decades, India will become the second largest economy in the world."

"And if we all work hard, I am confident that India can even overtake China to become the world’s No. 1 economic power by 2047, the year when we celebrate the centenary, a 100 years of our independence," he added. 

The RIL chairman underlined that in the "bright future" of the country, "it should be our endeavour to ensure that no state, no region, no community and no citizen of India lags behind."

Speaking on the occasion, Ambani also heaped praise on West Bengal chief minister Mamata Bannerjee for effecting rapid transformation in the state in the last decade. 

Inaugural Plenary Session at the Biswa Bangla Convention Centre, led by Dr. Amit Mitra, Finance, Commerce & Industries Minister, West Bengal and graced by the presence of Hon'ble Chief Minister Mamata Banerjee.#BengalGlobalBusinessSummit19 #BGBS19 #BengalMeansBusiness pic.twitter.com/rCGWhXqQQ1

— Bengal Global Summit (@BengalSummit) February 7, 2019

"My warmest congratulations to you and your leadership in taking Bengal to greater heights.

Bengal’s GDP has crossed Rs 10 lakh crores. It was less than Rs 4 lakh crores at the beginning of this decade when you took reins of this state in your able hands," he said.

"The rate of growth of the state’s GDP is 9.1%, which is higher than the national figure. West Bengal has gained a foothold in the group of the fastest-growing states in India with an all-around turnaround under your leadership," he added.