Adani becomes Asia's richest person

04 Jun 2024 CW Team

Gautam Adani, founder and chairman of the Adani Group, has overtaken Mukesh Ambani, chairman of Reliance Industries, to become the richest person in Asia. Adani's net worth now stands at $97.6 billion, just surpassing Ambani's $97 billion, as per the Bloomberg Billionaires Index.

Adani's ascent is driven by the robust performance of his conglomerate?s listed companies, including Adani Enterprises, Adani Green Energy, and Adani Ports. This follows a tumultuous period marked by a significant decline in Adani's wealth due to allegations of stock manipulation and accounting fraud by Hindenburg Research in January 2023.

Despite these setbacks, Adani's fortune has rebounded through strategic actions such as debt reduction and attracting substantial investments from firms like GQG Partners. Additionally, favourable court rulings in ongoing legal battles have bolstered investor confidence, leading to a significant rise in Adani Group stock prices.

The competition between Adani and Ambani highlights their significant roles in India's business landscape. While Ambani's wealth remains vast due to Reliance Industries' diverse portfolio, including oil, telecom, and retail ventures, Adani's rapid climb underscores the expanding influence of his infrastructure and energy empire.

As Adani secures his position as Asia's wealthiest individual, both he and Ambani continue to shape the economic framework of India and the global market. Their contributions reflect the dynamic and competitive nature of India's corporate sector.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..