India Through the Eyes Top Biz Leaders

Indian Economy At $30 Trillion By 2030: Mukesh Ambani

"India is envisaged to grow from a $1.4 trillion economy to over $9 trillion by 2020 and over $30 trillion by 2030 in nominal terms," corporate giant Reliance Industries Chairman Mukesh Ambani said. He also said that India’s continued rally on a trajectory of high economic growth rate would translate into exponential development in several sectors.

He envisaged Indian economy to be world’s third largest in the coming years. The global economic scenario has improved significantly owing to accommodate several monetary policies by most governments which had led to high liquidity in the system and stronger growth in those countries.

PM Must Restore Government Credibility: Ratan Tata

“Now is the moment in time our Prime Minister must break convention, restore government credibility, place the country on a growth path once again by implementing promised reforms, removing roadblocks to growth and controlling crony capitalism," the Tata Group Chairman Ratan Tata tweeted.

He added that the government actions have been too little and too late and India has lost the growth momentum over the past 12 months with investment confidence declining and inflation rising high.

He said that it would be injustice to blame Pm alone for the whole economic instability the country is facing; "it is sad and unfortunate that in the past few months the Opposition, the media, some private citizens and even some members of the ruling party have mercilessly spoken and written about our Prime Minister -- a person who was the architect of the '91 reforms, which brought economic prosperity and international recognition to our country."