India’s richest man Mukesh Ambani is upbeat about investment opportunities in India as he believes that the fashion of compulsive abroad investment is changing and that the country needs to participate in the global economy as first-class citizens. Mukesh Ambani said he expects India’s economy to triple in size in next ten years to $7 trillion from $2.5 trillion, riding on the digital technology.
“A few years ago, the fashion in India was to invest abroad. If you don’t invest abroad, you are left out. We took a contrarian bet and invested over Rs 3.5 lakh crore in a single bet in India. The significant portion of that investment is in Jio,” Mukesh Ambani said while giving his acceptance speech at the Economic Times Awards.
“Jio provides critical infrastructure to India and India needs to participate in the global economy as first-class citizens at par with any other country. Not that ‘vahaan pehle hota hai aur India mein dus saal ke baad hota hai’ (it first happens abroad and India only gets it 10 years later),” he added.

India’s richest man Mukesh Ambani is upbeat about investment opportunities in India as he believes that the fashion of compulsive abroad investment is changing and that the country needs to participate in the global economy as first-class citizens. Mukesh Ambani said he expects India’s economy to triple in size in next ten years to $7 trillion from $2.5 trillion, riding on the digital technology.
“A few years ago, the fashion in India was to invest abroad. If you don’t invest abroad, you are left out. We took a contrarian bet and invested over Rs 3.5 lakh crore in a single bet in India. The significant portion of that investment is in Jio,” Mukesh Ambani said while giving his acceptance speech at the Economic Times Awards.
“Jio provides critical infrastructure to India and India needs to participate in the global economy as first-class citizens at par with any other country. Not that ‘vahaan pehle hota hai aur India mein dus saal ke baad hota hai’ (it first happens abroad and India only gets it 10 years later),” he added.