Mukesh Ambani: India on the way to becoming the 3rd richest country and the 4th industrial revolution: Mukesh Ambani

NEW DELHI: After missing the first three industrial revolutions, India is now able to steer the fourth on the back of its vast young technology-savvy population and is set to become one of the top three countries. richer in the world. world, said billionaire Mukesh Ambani on Tuesday.

Speaking at the 24th MobiCom conference, Ambani, who heads the telecommunications conglomerate, Reliance Industries, said that India's digital transformation was "unparalleled and unprecedented," after to be positioned at 155th rank in wireless broadband adoption. 24months.

In the 1990s, as Reliance built its oil and petrochemical refinery projects, India's gross domestic product (GDP) rose to about $ 350 billion and had just been released. from a serious financial crisis.

"Very few people in the world thought our country's prospects were promising, our GDP is now close to $ 3 trillion, and India is becoming one of the three countries. the richest in the world, "he said.

Ambani, the richest Indian, said that mobile computing was driving mbadive data consumption, giving young Indians fertile ground for disruptive ideas.

Cloud computing technologies and networks have used broadband as a fundamental catalyst, allowing Indian entrepreneurs to begin to have global impact.

"Over the next two decades, I can confidently say that India will lead the world and contribute to the next wave of global economic growth," he said.

India crouched on the sidelines of the first two industrial revolutions fueled respectively by coal and steam and by electricity and oil and only started to catch up with the third industrial revolution piloted by computer, he said.

"The fourth industrial revolution is upon us, characterized by a fusion of technologies straddling the physical, digital and biological worlds," he said. "I can confidently say that India has a chance not only to participate in the Fourth Industrial Revolution, but also to lead it."

This is possible because India today is remarkably different from India from yesterday. "India's large, technology-savvy young population is its main strength.But simply imagine the kind of connected intelligence that India can create if the power of billions of minds is combined! ", he said.

Moreover, as a democracy based on the model of equitable and inclusive growth, it openly embraces the digital technologies of tomorrow. It's a rich and fertile ground for entrepreneurship that has established itself as the fastest-growing start-up base in the world, he said.

"Today, the country has the third-highest number of technology-based start-ups in the world – never before has India experienced such a blaze in the spirit of technology. Company, "he added.

Ambani said that India had to prepare for a period of information and numerical abundance, adapt to the fast pace of innovation and learn to collaborate to large-scale, quickly turn the idea into a disruptive innovation, pbading from one sys Lied education to a continuous learning mode and creates more jobs than new and disruptive technologies allow.

"We must prepare our children to master digital technologies right out of school Schools must train students in the" four Cs ": critical thinking, communication, collaboration and creativity. for sustained leadership in the digital era for India.

"In a generation, we can empower and enrich our vast and young human resources to give India a competitive edge in the world," he said.

Governments, businesses and civil society organizations should build an ecosystem that significantly strengthens the skills of the workforce, he said.

"We now have the opportunity to digitally reinvent all sectors of our economy, be it financial services, trade, manufacturing, agriculture, agriculture, and the like. 39. Education and health care.India can exceed the competition and lead the world in each of these sectors, "he said.

Ambani said that it was urgent to create a digital green revolution by encouraging the adoption of technologies for water conservation, soil management, precision farming and reducing waste to improve agricultural productivity.

Second, quality education is needed to make Indian youth a productive badet, he added, adding that it was also necessary to make health care affordable.

Speaking of Reliance Jio, its telecom company that has stormed the sector by combining free voice calls and SMS with cheap data, India is ranked fairly low in the 134th rank of the world ranking of fixed broadband.

"Jio is determined to put India among the top 3 of the fixed broadband," he said. "Our state-of-the-art digital infrastructure provides mobile and broadband connectivity across the country, with the largest fiber footprint."

This fiber connectivity will now be extended simultaneously to households, retailers, small and medium-sized enterprises and large corporations in 1,500 cities to offer the most advanced broadband connectivity solutions in fiber optics, he said. declared.