Mukesh Ambani expects Indian economy to reach $5 trillion

Chairman of India's leading conglomerate Reliance Industries, Mukesh Ambani is highly optimistic about economic growth in India. In a recent conference, he gave his opinion about the future and Indian economy and said Indian economy would reach a whooping $5 trillion mark by 2022-2025.

ICICI Bank chairman, K V Kamath has also positive thoughts about Indian economy. He also said India would be $5 trillion economy by 2022. These business leaders, among others, gathered at Institute of International Finance (IIF) to attend a discussion.

Speaking at the discussion meeting, Mukesh Ambani said, "India will be a USD 5 trillion economy by 2022-25. There can be a debate whether it would 2022 or 2025."

Ambani also praised the budget 2011-12 and said proposed fiscal consolidation will help India build a foundation for the strong growth.

Citibank CEO Vikram Pandit who is currently on his India visit was also present in the discussion. Pandit, who is intentionally giving more business focus of Citibank on emerging economies, urged the need of increasing trade and commerce. He said this will be of more help to developing economies. Pandit said the though we have recovered from financial crisis, reasons of it are still needed to be resolved.

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