Indian economy to grow 13-fold to $40 trillion by 2047: Mukesh Ambani

November 24, 2022

MUMBAI: Indian economy is likely to grow 13 folds from its current size to become a $40-trillion economy by 2047 said Reliance Industries chairperson Mukesh Ambani on Tuesday. He said that this will be driven primarily by a clean energy revolution and digitalisation.

Mukesh Ambani's estimate for the country's economy, which currently is the fifth largest in the world only to the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a $30-trillion economy by 2050 on back of rising consumption and socio-economic reforms.

From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world, said Ambani sat the 10th convocation of Pandit Deendayal Energy University here.

As the 'Amrit Kaal' the period between now and 2047 when India will be celebrating 100 years of independence unfolds, the country will witness an unprecedented explosion in economic growth and opportunities, he asserted. Three game-changing revolutions will govern India's growth in the decades ahead, he said. The clean energy revolution, the bio-energy revolution and the digital revolution..