Artificial Intelligence (AI) is poised to revolutionize the Indian IT sector, propelling it to new heights in global services, asserted Prakash Jain, the Executive Chairman of Inspira Enterprise India Ltd, during his address at the Lokmat Global Economic Convention in Singapore on Thursday.
Jain emphasized that AI would constitute the most significant transformation within the Indian IT sector. He highlighted that the sector had exported services worth USD 270 billion the previous year, attributing this success to robust government backing for technological industries, which has streamlined business operations in India.
Speaking at a panel discussion titled “Taking India to the pinnacle of World economy – A Road Map,” Jain underscored India’s increasingly educated and skilled workforce, particularly in cutting-edge technologies. He emphasized that providing the right skills to people also unlocks numerous opportunities. Jain’s cyber security company, with offices in Mumbai, Delhi, Dubai (UAE), Dallas (US), and Manila (The Philippines), is engaged in big data analytics, AI, and cybersecurity.
Jain commended the rapid digitalization in India, citing advancements in technology and manufacturing that enabled tech giant Apple to export mobile phones worth Rs 1 trillion in the last 12 months. He projected a potential increase in Apple exports to Rs 5 trillion in the upcoming year, fueled by India’s semiconductor companies venturing into chip-based manufacturing for advanced technologies.
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