“Our domestic consumption-driven economy accounts for 62% of GDP, keeping us safe from external volatility. Our favorable geopolitical consistency opens the door for others,” Shetty said at the ET awards ceremony in Mumbai on Saturday.
He said that besides these advantages, India’s biggest asset is its people, with a median age of only 29, and the country’s population dividend will last for two decades. “The moment in India is now and the world is watching,” he said.
As the world’s capital, India has the largest IT and innovative workforce, and the global capacity center drives digital transformation. However, the rapid development of technology, Genai, agent systems and deep technology requires immediate action. He added that if India does not move quickly, the current advantage could be a missed opportunity.
“Thankfully, India is not only keeping pace – we are setting pace. Under the vision of our Prime Minister and focusing on the implementation of (Union IT Minister) Ashwini Vaishnaw, India is taking decisive steps.”
Five semiconductor factories are underway, with the first-made Indian chipset to debut in 2025. India’s own large language model (optimized for efficiency and trained on a variety of data) will soon become a reality. According to him, all these efforts will consolidate India’s position among the world’s top five AI and deep technology countries. He said the latest budget strengthens this vision, going beyond financial planning to prioritize research and development and emerging technologies.
