India Poised For More Stupendous Leap In Growth: Mukesh Ambani

The billionaire industrialist noted that economic empowerment for the hundreds of millions of excluded Indians and jobs for the nation's youth can be achieved only through concerted action by the citizens, businesses and government working together.

"That is one of the great lessons of the past two decades, when the economy expanded at a rapid pace only after the government loosened its regulatory shackles," he said.

He said India is projected to overtake China by 2030 as the most populous country in the world with the third-largest economy in US dollar terms.

Also working to India's advantage is that it is a very young nation, with nearly two-thirds of its people below the age of 35.

"The possibilities are breathtaking. The most exciting prospect of all is the impetus that could come from tapping the surging aspirations of the 700-800 million Indians who remain excluded from India's success story," Ambani said.

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