RIL AGM 2025: India need not copy foreign development model, can forge its own, says Mukesh Ambani

At the 48th annual general meeting (AGM) of Reliance Industries, chairman Mukesh Ambani called upon the people of the country to create an India-first model of development rather than relying on or copying foreign model.

Drawing attention to the global economic uncertainties, Mukesh Ambani noted that geopolitical tensions are rising, volatility is persistent and predictability is scarce.

“The world is realising conflict produces no winner, whereas cooperation ensures shared prosperity. When nations cooperate, trade flows freely, investments flourish and everyone wins,” he said.

He further stated that despite geopolitical uncertainties, one thing is clear -- India is on the rise, and it is unstoppable.

Under the leadership of Prime Minister Narendra Modi, India’s gross domestic product (GDP) is growing faster than all major economies, said Ambani. “With the right set of reforms, advanced manufacturing capabilities, and a national priority on Deep Tech, our economy can grow at 10 per cent annually,” he added.

He further stated: “India need not copy any foreign model. We have the ability, and the responsibility, to create an India-first model of development. This model will use Deep Tech to bring prosperity and security to India, improve the quality of life of each and every Indian, and protect the environment. This model will also harmonise technology with democracy, economy with culture, spirituality with science, and national aspirations with friendship across all nations.”

The Reliance chief also highlighted how technological breakthroughs are reshaping the global economy and opening new frontiers for India. He described three major shifts -- clean energy, genomics, and artificial intelligence -- as transformative forces.

“Breakthroughs in clean energy are unlocking a future of abundance and sustainability… Breakthroughs in genomics promise dramatic improvements in cure of diseases and longevity… And breakthroughs in artificial intelligence have already begun to boost productivity and human potential to unimaginable levels,” he said.

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