India’s long-term growth story will be anchored in achieving energy self-sufficiency, Reliance Industries chairman Mukesh Ambani said, arguing that technological breakthroughs could sharply reduce the country’s dependence on imported energy over the next decade.
In an interview to CNBC-TV18, Ambani said India, currently a $4–4.5 trillion economy in an over $110 trillion global system, has the potential to outgrow the world and expand to a $25–30 trillion economy over the next 30 years, creating a multi-decade investment opportunity.
“As we do that, the India opportunity is a 10 to 30 year opportunity,” Ambani said, adding that solving India’s energy challenge would be central to sustaining growth. He said India currently imports close to 80% of its energy, but technological advances could make the country “reasonably self-sufficient” in energy within the next decade.
Ambani said investments aimed at energy independence, along with spending on physical infrastructure, require long investment horizons but are essential to strengthening India’s economic resilience and reducing external vulnerabilities.
His remarks come as global investors increasingly focus on how technology—particularly artificial intelligence—could reshape energy systems, productivity and growth, especially in emerging markets.
Parallelly, BlackRock chief executive Larry Fink, speaking recently, said India’s opportunity should be viewed not just as an investment theme but as a broad economic transformation spanning technology, infrastructure, education and living standards.
Drawing parallels with the United States, Fink said populations that invested alongside national growth were far better off than those that merely parked savings in bank accounts. “If you believe in the era of India, we need to get more people investing alongside the growth of the country,” he said, underlining the role of capital markets in spreading prosperity.
Fink also flagged artificial intelligence as a critical enabler of this phase, saying advances in AI could accelerate scientific discovery, productivity and efficiency across sectors, while cautioning that early gains may be uneven across countries. Over the long run, however, he said AI has the potential to democratise economic success if deployed in a way that broadens — rather than concentrates — growth opportunities.
(Except for the headline, this story has not been edited by The Mainstream staff and is published from a syndicated feed.)
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