Consumer business to drive doubling of Reliance's size in the next 7 years

For the coming years, what will hold true for RIL will be Mukesh Ambani's famous statement from a conference last year: 'Data is the new oil and India doesn't need to import it'

Reliance Industries’ annual general meetings (AGMs) are the most awaited investors’ event in the Indian stock market calendar. Like last year, the focus this time was on the businesses headed by Ambani gen-next and it was also an indication that they were settling down well in the saddle.

The group has been the harbinger of equity culture in India, creating wealth for millions of its investors. The importance of Reliance can be gauged from the data on the group’s consolidated tax payment for 2017-18 which exceeds the GDP of about 11 Indian states.

As the oil & petrochemical sector moves