SME Times is powered by   
Search News
Just in:   • Arun Jaitley passes away  • Samsung Galaxy M30s with 48MP camera in India next month  • Johnson, Trump speak ahead of G7  • Facebook downplayed Cambridge Analytica data scandal  • Google cracks whip on political debates at workplace 
Last updated: 12 Aug, 2019  

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

RIL.Mukesh.9.jpg
   Top Stories
» Arun Jaitley passes away
» Spectacular opening to WorldSkills Kazan 2019
» MSMEs, startups get relief as Govt announces support measures
» Amid FPI sell-off govt withdraws enhanced surcharge
» Exporters hail initiatives to propel economy
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
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 24 Aug, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» Calicut University Collaborates with ACCA(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter