India to become USD 30 trillion economy by 2030: Ambani

Mumbai, Jun 3 (PTI) India is poised to become a USD 30
trillion economy by the year 2030 from the current USD 1.4
trillion, industrialist Mukesh Ambani said on Friday.
"India is envisaged to grow from a USD 1.4 trillion
economy to over USD 9 trillion by 2020 and over USD 30
trillion by 2030 in nominal terms," corporate giant Reliance
Industries Chairman Mukesh Ambani said while addressing RIL's
shareholders at the company's 37th AGM.
India's continued march on a trajectory of high economic
growth rate will translate into exponential growth in several
sectors and RIL is well placed to participate in this growth
story by aggressively "venturing into newer domains" he said.
"Reliance's greatest opportunity is to contribute to and
also to benefit from India's galloping growth", Ambani said
adding that RIL is determined to significantly enhance its
ranking among global businesses.
India's economy is certain to become the third largest in
the world in the foreseeable future.
Global economic scenario improved significantly in the
year 2010 owing to accommodative monetary policies by most
governments, which led to high liquidity in the system and
stronger growth and higher demand.
"This milieu presents Reliance with several opportunities
and challenges. Opportunities in market growth and for
investments across each of its businesses," Ambani said.