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India to Slash Energy Imports, Aim for Self-Sufficiency in Decade: Ambani

Mukesh Ambani forecasts a dramatic shift in India's energy landscape, predicting the country will no longer need to import 80% of its energy within the next decade through technological breakthroughs and massive green investments. He outlined a vision where India's economy could expand to $25-30 trillion over the next 30 years, significantly outpacing global growth. Ambani credited stable political and economic leadership over the past 15 years for creating an environment conducive to such ambitious infrastructure and energy projects. He emphasized that sustained high growth of 8-10% is achievable, bolstered by large-scale developments in roads, digital networks, and renewable energy capacity.

Key Points: India's Path to Energy Self-Sufficiency by 2034: Ambani

  • India to cut 80% energy imports in 10 years
  • Economy could hit $25-30 trillion in 30 years
  • Reliance investing heavily in solar and hydrogen
  • Stable leadership credited for growth momentum
  • 8-10% sustained GDP growth seen as achievable
3 min read

India won't import 80% of its energy in next decade, to become reasonably self-sufficient: Mukesh Ambani

Mukesh Ambani predicts India will stop importing 80% of its energy within a decade, driven by green investments and tech, aiming for a $30 trillion economy.

"In the next decade, India will not import 80 per cent of its energy. - Mukesh Ambani"

Mumbai, February 4

Mukesh Ambani, Chairman of Reliance Industries, on Wednesday, predicted that India will significantly reduce its energy imports within the next decade, aiming to become reasonably self-sufficient.

Speaking at an event in Mumbai, Ambani said India's long-term growth opportunity remains intact and could significantly outpace global growth over the coming decades. "As we stand today, India is about a four to four-and-a-half trillion dollar economy in a 110 trillion dollar world. I see India outgrowing the world and finding its right place," he said.

Ambani said he believes India's economy could expand to USD 25-30 trillion over the next 30 years. "The India opportunity is a 10, 20, 30-year opportunity. And when you think about solving India's energy problems, I am a believer that in the next decade, India will not import 80 per cent of its energy," he said.

Currently, India imports around 80% of its energy needs, but Ambani's vision for renewable energy and technological advancements could change that. Reliance is investing heavily in green energy, including solar and hydrogen production, with plans to establish giga factories and expand its renewable energy capacity.

He was speaking at the JioBlackRock event "Investing for a New Era". The JioBlackRock is a joint venture between Jio Financial Services (Reliance Group) and BlackRock, established to provide tech-enabled mutual funds and investment products in India.

Outlining the roadmap for energy self-reliance, Ambani said, "We have a path, and God willing, with technological breakthroughs, we will be reasonably self-sufficient in energy. Investments in such energy sectors, which make us self-sufficient, are 20-30 year, time-right investments in physical infrastructure that we still need."

He added that India has a historic opportunity to build infrastructure at scale. "We have the opportunity to build, with today's technology, the physical infrastructure for 1.4 billion people. We've done a lot, but there's a lot more to do," Ambani said, adding that these are also long-horizon opportunities in technological infrastructure.

Referring to India's broader economic momentum, Ambani said the country is attracting global attention due to sustained high growth and policy stability. "Eight to ten per cent growth is possible and doable, and sustained double-digit growth is not ruled out," he said.

He credited stable leadership and policy continuity over the past decade and a half for India's transformation. "Stable economic leadership defines a country, and we have to be thankful to Prime Minister Narendra Modi for giving us this stability," Ambani said.

Highlighting execution at scale, Ambani cited the rapid expansion of roads, power capacity, renewable energy, digital infrastructure, and the nationwide 5G rollout, saying these developments have boosted confidence across industries, startups, and young Indians.

"The world is taking notice of India. It is a tree laden with abundant fruit, and this growth is very sustainable over the coming decades," he added.

- ANI

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Reader Comments

S
Sarah B
Ambani's optimism is infectious, but the timeline seems ambitious. Shifting from 80% imports to self-sufficiency in a decade requires massive infrastructure and policy support. Hope the execution matches the vision.
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Priya S
Finally, a clear focus on renewable energy! Every rupee saved on oil imports can be spent on education and healthcare. Solar power is perfect for our climate. ☀️
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Rohit P
While I appreciate the long-term view, the article heavily credits one leader for stability. True, policy continuity helps, but let's also acknowledge the millions of engineers, workers, and entrepreneurs actually building this future. The credit should be more distributed.
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Karthik V
$25-30 trillion economy? That's the ambition we should have! If we can crack energy independence, it will be a huge multiplier effect for manufacturing and job creation. Jai Hind!
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Michael C
Interesting perspective from a key industry leader. The JioBlackRock partnership shows how global capital is aligning with India's growth story. The scale of investment needed is staggering, but the potential return is too.

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