Strap: For us at Jio-Blackrock, the opportunity is to encourage Indians to save, and to make sure that we give them the options to convert those savings into earnings, and hopefully compound their earnings so that they not only work for themselves, but they also work for the Indian economy,” Mukesh Ambani said.
Ambani said India’s economy is entering a phase of visible, sustainable growth, driven by policy continuity and fiscal conservatism, and added that a booming startup ecosystem could give rise to '100 new Reliances' in the coming years.
Over time, Fink said, markets act as a 'great mirror' of what is actually happening in global economies, adjusting to inflation, growth and policy errors as evidence accumulates.
Mukesh Ambani said Indians have saved steadily for decades, but much of that capital has not been deployed efficiently to generate long-term returns. The core opportunity for JioBlackRock lies in encouraging savers to become investors and convert idle savings into income-generating assets.
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Reliance Industries Chairman and Managing Director Mukesh Ambani said the startup ecosystem was the aspect of India’s growth story that excited him the most. He added that the startup industry can spawn 100 new Reliances.
'Indians have saved consistently over the last five, six decades but that has not been productive. For us at JioBlackrock, the opportunity is to encourage Indians to save and give them the option to convert those savings into earnings,' says Ambani
The RIL chairman, who was speaking during a fireside chat with CNBC-TV18 along with Jio BlackRock Chairman and CEO Larry Fink, said that the world is taking note of India.
Larry Fink said that excessive focus on near-term market movements, headlines and capital flows often distracts investors from the real opportunity -- investing alongside the long-term growth of an economy. India’s growth story presents a compelling opportunity for investors willing to adopt a patient approach.
Join us for a live conversation that brings together perspectives on how the future of investing is being shaped in India. The event features a fireside chat with Larry Fink, Chairman & CEO, BlackRock, and Mukesh Ambani, Chairman & Managing Director, Reliance Industries, along with sessions on access, technology, and the role of investing in economic growth.
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