India can triple its GDP growth rate in next 20 years: Mukesh Ambani
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13/12/2002
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Indian Express (New Delhi)
Stating that the Indian economy has the potential to grow at a much faster rate, chairman of Reliance Industries Mukesh Ambani said that India can triple its GDP growth rate to 15 per cent in next 20 years. This, according to Ambani, can be achieved by increasing agriculture production and relying on export-led industrial growth. Speaking at the Ficci AGM, Ambani said "if India has to attain global economic leadership, growth rates have to accelerate significantly to double digits - from about 5-6 per cent now to about 15 per cent per cent in 20 years.' "This will raise the GDP to about $9 trillion and bring our per capita income closer to the world average,' Ambani added.