In many ways Iam?
The phrase means “in many ways, I am glad”. Sometimes we remove the verb and just say “I am” instead of “I am glad”.
Question: Are you glad you moved out here?
Answer: In many ways I am glad.
Question: Are you older than me?
Answer: I am.
Question: Are you thirsty?
Answer: I am not (=no).
Question: Do you want a drink?
Answer: I do not (=no).