India number 1 mobile broadband market after Reliance Jio Launch: Mukesh Ambani


File image of RIL chairman, Mukesh Ambani.

Speaking at the national capital on the first day of the India Mobile Congress in September, Ambani had said, "Mobile connectivity and cloud computing are the foundational technologies of the fourth industrial revolution". Post his speech, Ambani answered a few questions posed by Hindustan Times Editor-in-Chief Sukumar Ranganathan. Profits and losses are risks businesses take and it is more important to find out if the country and the consumers gained after Jio, Mr Ambani said.1.

Calling Mittal a "friend", he said it is more important to find if the country and the consumers gained after Jio's launch.

That message would surely travel fast; Sunil Mittal's brothers, Rakesh and Rajan, were a part of the audience. Mukesh said about the strong hold of Jio in the market that if you focus on your target then the targets will be easily achieved. Ambani may have a point.

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"Just one year back, India was ranked 150th in the world for mobile broadband". Some of Reliance Jio's rivals have been around in the industry for over 20 years.

Not elaborating, he said, "I don't want to predict, but I think we are ahead of our schedule in terms of the returns that we are generating". This convergence has the potential to transform agricultural productivity, healthcare services and education to empower a new generation.

"Thirteen years ago, when I spoke here, India was a $500 billion economy". We have almost completed this investment cycle and we are now ready to commit even more in our next investment cycle.

The richest Indian and Chairman of Reliance Industries Mukesh Ambani said India's GDP will grow from $2.5 trillion to $10 trillion by 2030.

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He said the time had come for a combination of technologies to play a role in agriculture, education and healthcare and solve societal problems without bothering to turn to governments and regulators for profits and losses. "Agriculture, education and healthcare, all three are on our roadmap which, to my mind, are the most hard", he said. Invest in India. Earn in India.

"What manufacturing was for China, super intelligence will be for India".

Mukesh Ambani, Asia's second- richest man, on Friday said that India's GDP will double to United States dollars 5 trillion in the next seven years and hit USD 10 trillion by 2030, as it will elbow out China by the middle of 21st century.

"Today, Indians consume more mobile broadband data than users in United States of America and China. Data is not only the new oil, data is also the new soil". "It's my firm conviction that India cannot only participate in the 4th Industrial Revolution, but has the opportunity to be a leader".

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He also said money never meant much to him and he has never carried money since childhood, adding that "I have somebody around who pays for me".