Ambani is optimistic that India, riding on the back of digital revolution, will grow to a USD 7-trillion economy in the next 10 years, from USD 2.5 trillion, and rank among the top three economies in the world.
"Data is the oxygen of a digital economy. We cannot deprive Indians of this vital life-sustaining resource. We have to provide ubiquitous access to high-speed data at affordable prices," he emphasised.
Reliance Jio, his telecom upstart that has captured more than 128 million users within a year of launch, will this week rollout a basic 4G phone that will be available to its users on making a refundable deposit of Rs 1,500.
Indian mobile market, Ambani said, is now overflowing with data and a robust digital circulatory system has to be created to carry data to the 1.3 billion Indians.
India, Ambani said, has leapfrogged from a lowly 155th in mobile broadband penetration to being the world's largest mobile data consuming nation in just one year.
He put down this jump largely to launch of Reliance Jio which during the promotional phase offered unlimited free data and after that at dirt cheap price, saying the pace at which the Indian mobile industry has grown is unparallelled in the world.
Stating that Indian telecom and IT industry has to play a foundational role in creating the digital infrastructure, the RIL chief said the country had missed out on the first three global industrial revolutions of mechanisation, mass production and automation, but has the opportunity to lead in the fourth industrial revolution fuelled by connectivity, data and artificial intelligence.
The country's richest man pressed for using new technologies such as artificial intelligence, robotics, Internet of Things (IoT), cloud computing, Big Data analytics, 3-D printing, blockchain and nanotechnology to create jobs and a new wave of wealth.
Digital technologies, he said, can be a boon for achieving national priorities of energy, water and resource security.
Digitisation of education, training and human resource development in a comprehensive manner must be regarded as a pre-condition for the success of Digital India, he suggested.
"To accomplish all these tasks, the telecom and IT industry will have to partner with every sector of the economy and the government, every business and every institution, from the biggest to the smallest," Ambani added.
"We must break silos and forge partnerships. No corporate, nor the government, can do it alone. Together, we can achieve the unimaginable," he said.
Since its launch, Jio has been locked in a bitter market place battle with older telecom players led by Bharti Airtel. The older firms have accused it of using deep pockets to disrupt the market to create monopoly.
"Let's not forget India provides a big enough opportunity for all of us to grow and prosper together. The opportunity to pave the path for our nation's progress and create a better quality of life for every Indian beckons us," Ambani said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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