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India poised for more stupendous leap in growth: Mukesh Ambani

Source : Business Today
Nov 27, 2013

India is poised for another even more "stupendous leap" in its growth trajectory , Reliance Industries Chairman Mukesh Ambani has said but underlined that economic expansion has happened only after the government loosened its "regulatory shackles".

 

"I believe India today is potentially poised for another even more stupendous leap on its upward trajectory. India's relative weight in the global economy and in the world affairs in general is bound to grow," Ambani wrote in an essay titled 'Making the next leap' in the book 'Reimagining India: Unlocking the potential of Asia's next superpower' edited by global consulting firm McKinsey.

 

Ambani stressed that the actions India should take to move forward should be sweeping and comprehensive and not timid.

 

"As the old India gives way more completely to the new India, a certain amount of flux will be generated. However, the good developments will far outnumber others," he said.


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