Mukesh ambani chairman

 

Reliance Industries Chairman Mukesh Ambani on Saturday expressed confidence about the Indian economy, saying that it will become a $40 trillion economy by 2047, from the current $3

.5 trillion, reported PTI.

Mukesh Ambani, chairman, Reliance Industries Ltd.

Ambani said that India, as the world's third-largest energy consumer, will also see its energy needs double by the end of this decade.

And to fuel this growth, the country will need enormous amounts of energy - clean, green energy that won't choke mother nature for the sake of human progress," he said at the convocation of Pandit Deendayal Energy University (PDEU) in Gujarat's Gandhinagar. "In fact, India's energy requirement is set to double just by the end of this decade."

Ambani said that in the coming 25 years, India will witness an unprecedented explosion of economic growth and that it is a crucible to turn the vision of a clean, green, and sustainable tomorrow into reality.

"As India races to build a robust energy infrastructure to meet its energy goals, it faces three crucial questions: One: How can it ensure that every citizen and every economic activity in India has access to adequate, most affordable energy? Two: How can it rapidly transition from fossil fuel-based energy to Clean and Green Energy? Three: How can it de-risk the expanding needs of its fast-growing economy from a volatile external environment? I call these three questions the Energy Trilemma," he said, according to PTI.