India’s rise is unstoppable despite geopolitical uncertainty, says Mukesh Ambani

“Despite geopolitical uncertainty, India is on the rise, and India’s rise is unstoppable,” Mukesh Ambani, CMD, Reliance Industries Ltd told shareholders at the company’s AGM on Friday (August 29, 2025).

“Today, India already ranks among the world’s top four global economies. Under the determined leadership of our Prime Minister, Narendrabhai Modiji, India’s GDP is growing faster than all major economies. With the right set of reforms, advanced manufacturing capabilities, and a national priority on Deep Tech, our economy can grow at 10% annually,” he said.

“This will mean that the per capita income of Indians could rise 4-5 times within the next two decades, making India not just a prosperous nation but also a more equal nation. More importantly, India need not copy any foreign model. We have the ability, and the responsibility, to create an India-first model of development,” he said.

“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,” Mr Ambani said.

Jio IPO planned in first half of 2026

Mr Ambani told shareholders that Jio was making all arrangements to file for its IPO.

“We are aiming to list Jio by the first-half of 2026, subject to all necessary approvals,” he said.

“I assure you that this will demonstrate that Jio is capable of creating the same quantum of value like our global counterparts. I am sure that it will be a very attractive opportunity for all investors,” he added.