Ambani and cautious days ahead for Indian economy

Reliance is planning slowly to be a zero debt company by 2020. 

As an overtly safe move from India's richest man, is it reflective of the generally cautious approach and a prudent mindset and message he is giving Indians to be vigilant with their hard earned money ? could it bring bad news for Indian economy.. ?

Click here for the Bloomberg doc ..

Any of the below three scenarios is possible..

1. Ambani is reducing his existing net debt to zero to open new areas of debt exposure like EVs, healthcare etc .. Good for the economy!

2. He wants to play safe, reflecting the general public sentiment, by reducing his debt exposure during these tough times and unlike his younger brother does not want to go down under and be wiped out.. 

After demo, Indian economy is in a precarious state ..Courtesy TOI.

3. Aware of the full potential of the economy, he wants to pause, take a deep breath, before charging head on to kickstart the economy? 

Challenging and interesting days ahead for Indian economy!! 😳🤔🤔🤔

The banks on the other hand will find there are no major takers for loans given the cautious mindset among the public, and will give loans to everybody, good and bad, once again entering the vicious cycle of cheap, unsecured loans available easily, raising the prospects of Non Performing Assets in the Indian economy to unviable proportions. 

The first prospect I mentioned before is very optimistic and could do great wonders for the economy. Can any Economist predict what is going to happen given the present macro economic conditions ?

George..