India will become premier digital society: Mukesh Ambani at CEO Summit

He said the big change driving this transformation is the deepening of mobile networks which are working at a much faster pace than before.

Reliance Industries Chairman Mukesh Ambani on Monday said India is at the cusp of becoming a premier digital society, and will be among the top three economies of the world.

In conversation Microsoft Chief Executive Satya Nadella at the Future Decoded CEO Summit here, he said the big change driving this transformation is the deepening of mobile networks which are working at a much faster pace than before.

"It all kickstarted in 2014 when PM gave us the vision of Digital India... 380 million people have migrated to Jio's 4g technology," he said.

Pre-Jio, the data speed was 256 kbps; and post-Jio, it is 21 mbps, he pointed out.

Referring to US President Donald Trump's visit to the country, Ambani said India is much different than what it was during the visits of his predecessors Jimmy Carter, Bill Clinton or Barack Obama, and pointed out that mobile connectivity was a key change.

I have no doubt in my mind that we will be among the top three economies in the world, Ambani said, adding that the only debate which can exist is whether it happens in five or in ten years.

We in India have the opportunity to become the premier digital society, he stated.

"The next generation will see a very different India than what you (Nadella) and I have grown up in," he said.

Microsoft boss Satya Nadella to visit India later this month: Report

Nadella is planning to be in India between Feb. 24 and Feb.26 and will likely visit New Delhi, tech hub Bengaluru and the financial capital of Mumbai.

Microsoft Corp Chief Executive Officer Satya Nadella is planning to visit India later this month, multiple sources familiar with the plans told Reuters, a test for the Indian-born head who recently criticized Indian immigration policy.

India is a major market for Microsoft and other technology companies. India's southern city of Hyderabad, where Nadella grew up, is home to Microsoft's biggest research and development center outside of the United States.

Nadella is planning to be in India between Feb. 24 and Feb.26 and will likely visit New Delhi, tech hub Bengaluru and the financial capital of Mumbai, two people familiar with the plans said. He is also likely to meet senior Indian industry leaders during his visit, the sources said. The sources did not want to be identified because the company has yet to make a public announcement.

Microsoft declined to comment when asked about a visit. "We don't have anything to share at the moment," a company spokeswoman said.

Microsoft also is trying arrange for Nadella to meet Indian Prime Minister Narendra Modi, one of the sources added, although the meeting has yet to be confirmed. The Prime Minister's office did not respond to requests for comment.

Nadella last month stoked controversy in India when he was quoted by Buzzfeed as saying a new law implemented by Modi's government that eases the path to citizenship for non-Muslims in nearby nations was "just bad".

His comments drew sharp criticism from Modi's ruling party.

Microsoft issued a statement later quoting Nadella as saying that every country has the right to protect and define its borders.

A visit by Nadella would be in the midst of the government taking a tougher stance against foreign technology companies competing in the domestic market by drafting laws aimed at more tightly-controlled cross-border data flows.

The visit would also be a month after Amazon.com Inc CEO Jeff Bezos made a trip to the country and was snubbed by senior members of the government.

India has taken a hard stance against the U.S. e-commerce sector, with Amazon and Walmart's Flipkart facing an antitrust probe and criticism from brick-and-mortar traders against their business practices.