Reliance Industries Chairman Mukesh Ambani has expressed unwavering confidence in the trajectory of the Indian economy, projecting its ascent to a staggering $40 trillion by 2047, a substantial leap from its current standing at $3.5 trillion, according to reports from PTI.
Ambani, speaking at the convocation of Pandit Deendayal Energy University (PDEU) in Gandhinagar, Gujarat, highlighted India’s position as the world’s third-largest energy consumer. He foresaw a doubling of the country’s energy needs by the close of this decade. Emphasizing the necessity for copious amounts of energy to propel this growth, he underscored the imperative nature of ensuring it is clean and green, safeguarding the environment in the pursuit of human progress.
“In fact, India’s energy requirement is set to double just by the end of this decade,” Ambani asserted, addressing the audience at PDEU. He envisioned an unparalleled explosion of economic growth in the next 25 years, portraying it as a crucible for transforming the vision of a cleaner, greener, and sustainable future into a tangible reality.
Ambani posed three pivotal questions as India races to fortify its energy infrastructure: How can universal access to affordable energy be ensured for every citizen and economic activity? How can a swift transition from fossil fuel-based energy to clean and green alternatives be accomplished? And, crucially, how can the expanding needs of the fast-growing economy be shielded from the volatility of the external environment? He coined these queries as the “Energy Trilemma.”
The business magnate, also the wealthiest individual in India, contended that the transition of energy sources holds the utmost significance in propelling India towards becoming a global leader in green, sustainable, and inclusive development.
Demonstrating faith in India’s capability to navigate this trilemma with smart and sustainable solutions, Ambani credited the nation’s exceptionally talented youth for their commitment to combat the climate crisis. He envisioned these young minds designing breakthrough energy solutions that would not only contribute to a robust and self-reliant India but also foster a safer and healthier planet.
Addressing the students, Ambani imparted a message of fearlessness and unwavering confidence in their abilities. “Courage is the ship that can safely sail you across the stormiest seas. You will commit mistakes. But let that not worry or deter you. The one who succeeds in life is the one who corrects his mistakes and continues on his mission boldly,” he asserted.
Reflecting on his own journey, Ambani attributed his success to India, to Bharat. He urged the graduates to contribute wholeheartedly to the greatness and glory of the country, emphasizing that being young in today’s India is a true blessing. He concluded on an optimistic note, proclaiming that the 21st Century is unequivocally poised to be India’s Century as the nation strides forward with confidence.