Despite global economic challenges, India remains a standout performer, positioned to surpass many leading economies. This resilience stems from a dynamic consumer market, a thriving start-up culture, and a talented workforce. With Gen Z and millennials making up more than 52% of the population, India holds the largest working-age group globally, representing 20% of the world’s Gen Z population. This provides a crucial advantage for global companies in search of skilled professionals.
India’s technology sector, comprising over 5.43 million professionals, is a stronghold for artificial intelligence (AI) development and innovation. The widespread success of initiatives like the Unified Payments Interface (UPI) and advancements in health tech underscore India’s ability to drive digital progress through collaboration between public and private sectors.
AI, particularly generative AI, is expected to propel productivity and creativity to new heights. Studies suggest that responsible use of generative AI could add $675 billion to India’s economy by 2038. The government’s IndiaAI mission demonstrates a strategic commitment to adopting AI, emphasizing widespread usage, skill development, and responsible growth.
By 2030, generative AI could enhance 31% of work hours, making it essential for India to focus on skilling initiatives, ethical AI practices, and continuous curriculum updates. Incentives for research and development and cross-industry partnerships will further strengthen the country’s AI leadership. With appropriate support and ethical considerations, India is poised to spearhead the global AI revolution, shaping a future where emerging technologies fuel sustainable and responsible growth.
