India Inc in the AI Era: Building an innovation-first economy

By Saurabh Sanyal, Secretary General, ASSOCHAM

Artificial Intelligence is changing the way the world works. It is transforming industries, reshaping business models, and creating new opportunities for growth. Just as electricity and the internet changed economies in the past, AI is now becoming the next big driver of productivity and innovation. According to the IMF, AI could influence nearly 40% of jobs worldwide. Industry estimates including from NITI Aayog, suggest AI led productivity gains could add USD 500–600 billion to India’s GDP by 2035 with manufacturing and financial services among the biggest beneficiaries.

For India, this is more than a technological shift. It is a chance to become a global leader in innovation. The real opportunity for India Inc. is not just to use AI but to build AI-powered solutions that can compete with the best in the world.

India is well placed to benefit from the AI revolution. The...

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