India on way to becoming 3rd richest country, lead 4th industrial revolution: Mukesh Ambani

Having missed the first three industrial revolutions India is now in a position to lead the fourth on the back of its vast tech-savvy young population and is on the way to becoming one of the three richest countries in the world, billionaire Mukesh Ambani said Tuesday. Ambani, who heads the oil-to-telecom conglomerate Reliance Industries, said India’s digital transformation is unmatched and unprecedented after it took leadership position from being 155th in wireless broadband technology adoption in just 24 months.                                                   Back in the 1990s, when Reliance was building its oil refinery and petrochemical projects, India’s gross domestic product (GDP) was around $350 billion and had just come out of a severe financial crisis. In the next two decades, I can confidently say that India shall be leading the world and shall contribute to the next wave of global economic growth, he said. The fourth industrial revolution is now upon us. It is marked by a fusion of technologies straddling the physical, digital and biological worlds, he said. I can say with full confidence that India has a chance of not just participating in the fourth industrial revolution, but also leading it.

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