100 New Companies Like Reliance Will Emerge in India! Mukesh Ambani Says: Don’t Fear AI, It Will Create Millions of Jobs

Reliance Industries Chairman Mukesh Ambani has once again expressed strong confidence in India’s economic future and the power of technology. In a special conversation with Larry Fink, CEO of BlackRock, the world’s largest asset management company, Ambani said that in the coming years, 100 new large companies like Reliance will emerge in India. He clarified that there is no need to fear Artificial Intelligence (AI), as this technology will pave the way for millions of new jobs.

Mukesh Ambani said that India is among the countries that adopt new technologies most rapidly and effectively. Digital payments, the internet, and mobile technology are prime examples. Therefore, AI is not a threat to India, but a great opportunity for development. BlackRock CEO Larry Fink also agreed, saying that India’s young population can embrace AI and make it an engine of growth.

The Real Mantra of Investment: Compounding

Ambani gave a clear message to Indians regarding investment. He said that money lying in a bank account earning simple interest does not generate real wealth. The real power lies in compounding, which is found in the stock market and other investments. Every Indian should adopt the mindset of earning profit on profit so that their savings can grow into substantial wealth in the future.

India to Grow at a Rapid Pace in the Next 10 Years

Larry Fink expressed confidence that India will continue to grow economically at a rate of 8% to 10% for the next decade. Ambani added that during this period, India will become self-reliant in the energy sector. Strong policies, a stable government, and increasing investment are India’s greatest strengths.

The Dream of 100 New ‘Reliances’

Speaking about the Indian startup ecosystem, Ambani said that the country’s economy is now bearing fruit. With the right policies and entrepreneurship, 100 new large companies like Reliance will emerge in India in the coming years, boosting both employment and investment. The Future of Mutual Funds and Investment

Commenting on the Jio-BlackRock partnership, Ambani said that while Indians have been saving for decades, these savings have not been properly channeled into investments. The aim of this partnership is to make people’s savings productive. Experts believe that India’s mutual fund industry could more than double in the next five years.