Reliance Industries Limited (RIL), India’s leading conglomerate, has achieved a major milestone by becoming the first Indian company to surpass the Rs 1 lakh crore mark in pre-tax profits. This historic achievement underscores the company’s dominant position in various sectors and its contributions to the Indian economy.
India, once a global economic powerhouse, has experienced a significant decline in its economic standing since its colonization by Britain. However, with its vast population and recent liberalization policies, India has the potential to regain its place among the top economies. To achieve this, India needs to address key challenges such as deepening liberalization, enhancing tax collection, boosting research and development, addressing inequality, and strengthening governance at all levels. Building a consensus among diverse stakeholders and bridging the gap between rural and urban areas is crucial for India to sustain its growth and become a major engine of growth for the world.
