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Slowdown temporary, I'm very optimistic about next decade: Mukesh Ambani

Ambani said the coming decade presents a "historic opportunity" for businesses to excel

Press Trust of India  |  Mumbai 

Reliance Industries Chairman Mukesh Ambani at the 40th AGM of the company in Mumbai. (Photo: PTI)
Reliance Industries Chairman Mukesh Ambani | Photo: PTI

The current is "temporary" and caused by external turbulence, and the country has reasons to be more optimistic for the next decade, richest Indian said on Friday.

The chairman and managing director of Industries said the coming decade presents a "historic opportunity" for businesses to excel and place India among the top three economies of the world.

"I think while we have seen temporary pains, with the leadership that the provided we're just going to get out of it. External turbulence (has) hit us, but I am very very optimistic," Ambani said.

He was speaking after being presented with the 'Iconic Business Leader of the Decade' award by CNBC-TV18 in Mumbai.

In its four decade existence, started off with textiles, became a petrochemicals player, shifted focus to refining and energy and has now built a world-class retail and consumer tech business, Ambani said.

He further said the transformations have been possible due to the young leaders, and acknowledged the presence of his kids Akash and Isha in the audience.

First Published: Fri, February 28 2020. 22:44 IST
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