AS INDIA APPROACHES its centenary celebration of independence in 2047, it’s truly remarkable to reflect on our progress. Global capability centres (GCCs) have undergone a remarkable transformation from being considered mere cost centres to evolving into cradles of innovation, driven by the transformative impact of artificial intelligence (AI). This evolution represents more than just shifting numbers or projections—it’s a profound change in our approach to business and innovation. Generative AI could boost India’s GDP by $359-438 billion by 2030, representing a 5.9-7.2% increase. Over seven years, the cumulative impact could reach $1.2-1.5 trillion, adding 0.91.1% to annual growth, according to EY. Given India’s strong position as a tech services provider, Gen AI alone could contribute over $100 billion to the economy. India boasts the highest AI skills penetration, with three times more AI-skilled talent than other countries. Over the past seven years, there has been a 14-fold increase in individuals skilled in AI.
Denne historien er fra September 15, 2024-utgaven av Business Today India.
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Denne historien er fra September 15, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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HEALTH BOOST
THE HEALTHCARE SECTOR IS EXPECTED TO RECEIVE A SHOT IN THE ARM IN BUDGET 2025-26, WITH A FOCUS ON PRIMARY HEALTHCARE, DIGITAL HEALTH, AND BOOSTING PHARMACEUTICAL MANUFACTURING AND RESEARCH. BUT CHALLENGES LIKE THE SHORTAGE OF HEALTHCARE PROFESSIONALS REMAIN
TIME TO BE SMART
This year could be a good time to take home some profits, reduce risk, and shift to large-cap investments
Front-running Redux
Ketan Parekh has again been accused by Sebi. This time the allegations are of front-running, an unethical practice in financial markets
Triumph of Engineering
The Udhampur-Srinagar-Baramulla Railway Line in J&K is set to expedite trade and tourism
TIME FOR A TAX BREAK?
INDIVIDUAL TAXPAYERS LOOK FORWARD TO THE BUDGET EVERY YEAR HOPING FOR A BIG TAX BREAK. IT HAS ELUDED THEM FOR YEARS, BUT WITH HIGH INFLATION, MODERATING URBAN CONSUMPTION, AND ROBUST TAX COLLECTIONS, WILL THE MIDDLE CLASS GET A TAX BREAK IN FEBRUARY?
INFRA INJECTION
THE UNION BUDGET IS EXPECTED TO BOOST INFRASTRUCTURE SPENDING IN LINE WITH THE VISION OF MAKING INDIA A 7-TRILLION ECONOMY BY 20380. MODERNISING RAIL, ROAD AND AVIATION INFRASTRUCTURE IS LIKELY TO REMAIN TOP PRIORITY IN FY26
THE BIG PHARMA OPPORTUNITY
The patent expiry of key drugs in 2025-26 will open up additional market space for Indian manufacturers of generics and biosimilars
STRATEGIC EXIT
The Adani Group's decision to sell its holding in the FMCG food business is seen as a way to reduce high debt and allocate money smartly
In with the NEW
THE GOVERNMENT'S FLAGSHIP, SIMPLIFIED NEW TAX REGIME HAS SLOWLY BUT SURELY GAINED TAXPAYERS’ ACCEPTANCE. IN ASSESSMENT YEAR 2024-25, 72% OF TAXPAYERS OPTED FOR IT. IS THIS CHANGE HERE TO STAY?
EYEING THE NORTHEAST
The key question now is when will UltraTech’s 8.69% stake in Star Cement evolve into a larger play in the Northeast market
