At a JioBlackRock event in Mumbai, Reliance Group chairman Mukesh Ambani expressed strong optimism about India’s future, highlighting the country’s potential for massive wealth creation through technology, entrepreneurship, and long-term capital. Speaking with BlackRock CEO Larry Fink, Ambani described India as entering a once-in-a-generation growth phase with the ability to reshape its economy and global influence.
Ambani estimated that India could generate up to $30 trillion in new value over the next 30 years as global growth accelerates, driven by AI and technological innovation. He emphasized that this scale of opportunity would allow many new large enterprises to emerge, with startups and young entrepreneurs playing a central role. “When I interact with startups, I see young founders building companies with the aspiration and confidence to create 100 new Reliances,” he said, noting that the opportunity for India’s youth is unprecedented.
On energy, Ambani said India could meet nearly 80% of its requirements domestically within the next decade through sustained investment in technology and infrastructure. Currently heavily reliant on imports, India has already become one of the world’s leading producers of renewable energy, and continued investment will be key to achieving near energy self-sufficiency.
Ambani also discussed India’s culture of savings, which has historically not translated into productive wealth creation. He highlighted JioBlackRock’s mission to help households convert savings into income-generating investments, making market participation accessible, credible, and scalable. He stressed that this approach complements India’s savings mindset rather than replacing it.
Fink echoed Ambani’s long-term vision, urging investors to focus on the “era of India” rather than short-term market volatility. He noted that countries that successfully involve more households in capital markets see broader, more inclusive wealth creation, and that long-term investing yields better outcomes than keeping money idle in low-yield instruments.
