SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 12 Aug, 2019  

RIL.Thmb.jpg Mukesh Ambani says ongoing slowdown 'temporary'

RIL.Mukesh.9.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
SME Times News Bureau | 12 Aug, 2019
Describing the fundamentals of the Indian economy as strong, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Monday said that the ongoing slowdown in some sectors of the economy is temporary.

Addressing RIL shareholders at the 42nd Annual General Meeting (AGM), he said that the opportunities will grow further with structural reforms and noted that India has the required political stability.

"The slowdown in some sectors of the economy is temporary. The fundamentals of the Indian economy are very strong," Ambani said.

His statement comes at a time when the growth of the Indian economy has slowed and consumption is significantly low in several sectors led by automobiles, real estate and FMCG.

Ambani further said that he endorsed Prime Minister Narendra Modi's target of making India a $5 trillion economy by 2024 and observed that India would touch the $10 trillion mark by 2030.

"Indeed, I can clearly see India becoming a $10 trillion economy by 2030, with every Indian as a beneficiary," he said.

The RIL Chairman added that the government is laying the foundation of new institutions for business promotion and regulation and new long-term measures are being taken to improve ease of living for all citizens, and reduce income inequality.

"India is rising. No power on earth can stop India from rising higher," he said.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter