shot-button
Ganesh Chaturthi Ganesh Chaturthi
Home > Technology News > India set to become a global tech powerhouse Industry leaders

India set to become a global tech powerhouse: Industry leaders

Updated on: 10 May,2024 12:07 PM IST  |  New Delhi
IANS |

India's vibrant tech ecosystem, coupled with a young and dynamic workforce, positions it as a frontrunner in the digital era

India set to become a global tech powerhouse: Industry leaders

Image for representational purposes only. Photo Courtesy: iStock

With its burgeoning tech ecosystem and emphasis on harnessing the power of artificial intelligence (AI), India is on the cusp of becoming a global tech powerhouse, industry leaders said on Friday, ahead of the National Technology Day that falls on May 11.


"From startups to established firms, the integration of AI technologies is unlocking unprecedented efficiency, innovation, and scalability. India's vibrant tech ecosystem, coupled with a young and dynamic workforce, positions it as a frontrunner in the digital era," said Abhishek Gupta, Managing Director of IT company SailPoint India.


The government's acknowledgment and initiatives aimed at harnessing AI's potential underscore the understanding that technology holds the key to the next phase of growth and prosperity.


Rohit Jetly, Country Head-India at Fidelity International, said the convergence of generative AI, data virtualisation and other cutting-edge technologies is revolutionising how we think about traditional sectors and ways of working.

"These herald a transformative era, reshaping industries and driving unprecedented innovation and efficiency, which is exactly what we need in the Indian global capability centre (GCC) space," he noted.

GCCs are also leading the way and broadening the canvas of cutting-edge tech for "our people to have the opportunity to upskill themselves and add value to the world from India," said Jetly, also Head of Global Platform Solutions-Platform Delivery.

According to the latest report by Nasscom in partnership with BCG, the AI market in India is expected to reach $17 billion by 2027. 

Also Read: AI skills are a must for better career opportunities; here's why

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK