Asia may contribute 60% of global growth by 2030: Mukesh Ambani

Mukesh Ambani. (Photo – Reuters)

Mukesh Ambani, chairman of oil-to-telecom conglomerate Reliance Industries, said by the year of 2030, the Asian region is expected to contribute nearly 60 per cent to global growth.

“By 2030, the Asian region is expected to contribute nearly 60 per cent of the global growth,” Mukesh Ambani said at the Asia Economic Dialogue (AED) 2022.

INCLUSIVE GLOBAL ECONOMY

Ambani said that Asia is leading the march towards a more inclusive global economy.

The billionaire businessman said there is a welcome trend that the mismatch between demography and development is reducing in Asia.

Last year Prime Minister Narendra Modi said that it is for The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) nations to make this century the century of Asia as they are one fifth of humanity and have the collectively strength of 3.8 trillion dollar gross domestic product (GDP).

PM Modi noted that this century is a century of digital revolution and new age innovations. “This is also the century of Asia. Therefore, it is the demand of our time that future technology and entrepreneurs should come from the region,” PM Modi said.

“For this, the Prime Minister stressed, that Asian counties who have will for collaboration should take responsibility and come together. There is a shared heritage of culture, civilization and relations in these countries,” PM Modi said.

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