Reliance India chairman Mukesh Ambani has said that he is very bullish on India despite a slowdown of India's growth to 5.5 percent and foreign investors' complaints about poor infrastructure and lack of reform.
India's richest and Asia's second richest man told in an interview, "India has had some slow growth, but I'm really very optimistic on India," he said. "I'm very bullish on India, because it's really the aspirations of a billion people. And ours is a country where all the billion count."
"We are on a long-term growth trajectory. And this is just not growth in terms of GDP numbers, right? This really is for well-being of each and every Indian. And that's the aspiration," Ambani said.
He was equally bullish about the US and said in this regard, "My view is that this year we will see the beginning of a recovery, particularly in the US because there has been a fundamental transformation in the energy scene in the US."
Ambani felt that the US will be independent of foreign imports of energy in the next five or seven years as it "truly found non-conventional energy in shale oil and gas, which is really bringing benefit not only to the population in the US, but really to across the world."
Terming that things were getting better elsewhere too, he said "China is maintaining steady growth. It's not decelerating. Europe has found its own transition path, and they will transgress through the financial system in an ordinary way."
(With inputs from IANS)
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