Mukesh Ambani says India to be fastest growing economy in 2-3 yrs

India will surpass China as the world's fastest growing economy in the next 2-3 years, top industrialist Mukesh Ambani said on Wednesday, while terming the fall in global oil prices as a "gift" to India.

"We will be the fastest growing economy in the world in the next 2-3 years. We will exceed China's growth rate in next 2-3 years. We will be the fastest growing economy in the world in 2016-2017 and 2017-2018," the Reliance Industries chairman said.

He was speaking at an event organised by Brown University.

He also said that 2014 is a landmark year for the country.

"I think the people of India have spoken after really 30 years. I have (been) in business for now alomst 30-35 years and we have got a majority (government) now... I have been saying this consistently that 2014 is a lucky year for India," he said.

Referring to the recent fall in crude oil prices, he said, "We are now on the horizon of $60-70, that is really a gift.... If this continues for two years, it's a gift."

He recalled that oil prices had shot up from $20 per barrel to $140 from 2004 to 2014.