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Greg Smith

Jio 'new economy' partnership is a key driver for Reliance

Given the attractive demographics of India's huge population, it's easy to see why the new 'family' of businesses is generating so much excitement.

Greg SmithContributor

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Reliance Industries, one of India’s largest conglomerates, has continued to make stellar strides in terms of share price despite the pandemic (and India’s surging infection rates).

The UK-listed shares have reached record highs thanks to the company attracting massive investment in its "new economy" businesses and essentially eliminating a heavy debt burden. Previously heavily indebted because of its traditional oil and gas businesses, Reliance is virtually debt-free.

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Greg Smith is head of research at investment research and funds management house Fat Prophets.

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