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There is severe economic stress in many parts of the world, he said at his company Reliance Industries’ 45th annual shareholders’ meeting.
”The world has almost overcome the COVID-19 pandemic. However, there is uncertainty…owing to heightened geopolitical tensions and global risks,” he said. ”There is severe economic stress in many parts of the world.” Rising fuel, food and fertilizer prices are impacting everyone, he said adding high inflation and supply disruptions threaten to trigger a global recession.
”Amidst this widespread unpredictability, India stands tall as a beacon of growth and stability,” Ambani said.