Mukesh Ambani has advised the youth to invest instead of saving. According to him, investment in the capital market leads to individual wealth and economic growth of the country. He also stressed on India’s potential to become a $25-30 trillion economy.
Mumbai: Usually Mukesh Ambani talks only about his business and does not give any advice anywhere else. They should do this, do that, it is not heard anywhere. But, it is very rare to see him giving advice to India’s Gen-Z. He has said that under any circumstances, not only save but also invest. He said that investing in the capital market not only increases the wealth of the family but also accelerates the economic progress of the country.
Reliance Industries Chairman Mukesh Ambani said on Wednesday that sustained double-digit growth is possible for India. And only stable economic leadership decides the future of any country. At an event at GeoBlackRock, Ambani said that India will not import 80 percent of its energy in the next decade. Every village in India has 5G network, which is better and cheaper than any other country.
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100 companies like Reliance will be formed in the country
Ambani said that for economic development it is necessary to maintain law and order and social harmony for 15-20 years. He said, “I clearly see that 100 new companies like Reliance are emerging in the country.”
The country’s richest man Mukesh Ambani has said that India has the potential to become a 25 to 30 trillion dollar economy in the next 20-30 years. This time will provide a big investment opportunity for the young generation of the country.
It is not right to remain only a saving country
At the GeoBlackRock event, Mukesh Ambani said that India has traditionally been a saving country. But now is the time to take advantage of the country’s progress by investing. Savings have to be converted into investment. Investing savings in the capital market not only increases household wealth but also accelerates the economic progress of the country. BlackRock’s Larry Fink also supported the idea, saying that long-term equity investments could be the most effective way to build wealth in a fast-growing country like India.
Ambani said India’s development is based on strong policies, political stability, large-scale infrastructure creation and digital revolution. 5G, Digital India and capital market expansion make India an attractive destination for long-term investments.
Talking about the importance of Artificial Intelligence (AI), Ambani said that AI can bring big changes in the fields of education and health. He said that through AI, better quality education, better health care and effective public services can be provided easily and cheaply to 1.4 billion people.