Mukesh Ambani says slowdown in India temporary, reforms undertaken to reverse trend

Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters.

Speaking at Saudi Arabia’s annual investment forum, also known as ‘Davos in the desert’, he said the reforms undertaken by Prime Minister Narendra Modi’s government since August would bear fruits in the next few quarters.

“Yes, there has been a slight slowdown (in the Indian economy). But my own view is that it is temporary,” he said at the Future Investment Initiative (FII) conference here.