Three men behind India's bid to become an economic superpower

In March, a coastal town in Gujarat, India gained attention as billionaires and movie stars flocked there for a lavish pre-wedding celebration hosted by Mukesh Ambani, the chairman of Reliance Industries. Ambani’s growing global influence was underscored by the event, which featured high-profile guests such as Mark Zuckerberg, Bill Gates, and Ivanka Trump. Ambani was not the only influential Indian businessman present; Gautam Adani, founder of the Adani Group, was also in attendance. Both Ambani and Adani have reshaped India’s economy by strategically investing in sectors prioritized by Prime Minister Narendra Modi. Their conglomerates, Reliance Industries and the Adani Group, are worth over $200 billion each, and they play a crucial role in shaping India’s future as an economic powerhouse. The fingerprints of these businessmen can be seen throughout Mumbai, with their names adorning various buildings and infrastructure projects. As India aims to become a global economic leader, the Modi government has allocated substantial funds toward infrastructure development, with Ambani and Adani’s conglomerates playing essential roles in these endeavors. Despite their success, India still faces challenges such as rising inequality and youth unemployment. To continue its growth trajectory, India needs to foster entrepreneurship and innovation, providing support to smaller firms and removing barriers to business.