Reliance's debt paring moves hint at less-than-rosy outlook for India's economy

Reliance's debt paring moves hint at less-than-rosy outlook for India's economy

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

Does Mukesh Ambani see dark clouds gathering on the horizon? From his message to shareholders, it doesn’t look like India’s richest tycoon is worried. But his actions may reveal more than his words.