It has done a great job deploying the network. Unmatched probably anywhere in the world. But that set of skills has nothing to do with charting out a vision that will work in future.
That set of skills to rollout a network at huge scale quickly, existed in India because of cut throat competition in the Telco space over 15 years.
But the skills to handle the sociological, political and psychological fallout from Scale that Zuckerberg, Dorsey et al have to deal with 24*7 does not exist in India.
They will get the Amazon/payments/delivery/cloud stuff,the easy stuff, right cuz the talent, cash, ambition and drive exists.
But the other stuff, the stuff that actually requires vision, is waiting to blow in India. If you think polarization/inequality/fake news etc etc in US is bad, go and visit India. I was there in Jan and the whole place was burning.
This bet on 4G/cloud/platforms etc is not because of some great vision of the future. It's really about crashing crude prices resulting in a huge pivot from their bread and butter Oil/Refining Business(they own the largest refinery in the world).
It can all collapse or go nowhere as that start hitting issues no one has dealt with before.
Plus there is the small issue of huge existing players who are not exactly lining up to bend over to the Ambanis.
To sum up, the Indian Internet or whatever emerges there is in for a unpredictable wild ride over the next few years and the current rose tinted view of Reliance matches what Facebook had in its early year. Expect that to change.