Leaders Expecting High From Indian Economy

Being Asia’s second wealthiest man Ambani’s trust on India’s prospect based on the country’s billion consumer’s urge to move forward to make their lives better. He also spoke about the growth of Reliance industries from the time when his father Dhirubhai Ambani started the business with just $100 and its phenomenal growth over the years.

To a question on growing inequality in India, the richest Indian said, "If you think about inequality that is not only a problem in our country, it's really a problem for all across the world. Income comes from opportunities."

Not only Ambani but there are others as well who are very much optimistic about the countries prospect. Unfazed by decline in December industrial output, Prime Minister's Economic Advisory Council Chairman C Rangarajan exuded the confidence that the economy will bounce back and grow between 6-7 percent in the next financial year.

"I believe that in the next fiscal we should be able to grow at 6-7 percent and 8 percent thereafter," Rangarajan said at a book release function.

The comment appeared just after 0.6 percent decline was recorded in the official data in December due to poor performance of manufacturing and mining sectors, and drop in production of capital as well as consumer goods.

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