Mukesh Ambani Sees 100 New Reliance-Like Companies Emerging From India’s Youth

Reliance Industries Limited (RIL) chairman Mukesh Ambani said India has laid a strong foundation for decades of economic expansion, driven by infrastructure growth, policy stability, and a rapidly maturing startup ecosystem.

Speaking on India’s long-term trajectory, Ambani said the country has achieved unprecedented progress across key sectors over the past 15 to 20 years, creating conditions that are now drawing sustained global interest.

The RIL chairman, who was speaking during a fireside chat with CNBC-TV18 along with Jio BlackRock Chairman and CEO Larry Fink, said that the world is taking note of India.

Speaking at the event here, Ambani also said that in the next decade, India will not be importing 80 per cent of its energy.

Every Indian village has a 5G network that is better and cheaper than any other country, he noted.

According to Ambani, lack of capital is no longer India’s biggest constraint. “Capital is not the problem, execution is,” he said, adding

that opportunities in India will not be limited by the availability of patient capital.

He expressed confidence that India will continue to grow faster than the global economy and could become a $20–30 trillion economy over the next 30 years. Investments in energy and physical infrastructure, he said, represent a multi-decade opportunity.

Turning Savings Into Wealth

Ambani also spoke about India’s strong culture of savings, calling it a strength that has not been fully utilised.

“Disruption is fashionable, but the real opportunity is that Indians are savers. Some of this saving hasn’t been productive,” he said.

He explained that the goal is to encourage Indian households to invest their savings in capital markets in a safe and consistent manner, helping them earn better returns over time.