Tata Chairman Calls AI Key to India’s Economic Future

Tata Sons Chairman N Chandrasekaran declared India at a pivotal "inflection point" with a transformative opportunity to harness Artificial Intelligence (AI) for unprecedented economic and social progress. Speaking at the launch of Niti Aayog’s report, AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth, on Monday, he called for a unified effort among government, industry, and society to leverage AI to drive inclusive development.

Chandrasekaran emphasized that AI could revolutionize key sectors like healthcare, education, agriculture, financial services, pharmaceuticals, and advanced manufacturing. “India has an enormous opportunity to embrace AI to create jobs, empower youth, and reduce inequality,” he said, advocating for its use in skilling programs to equip the workforce for a rapidly evolving economy. He stressed the need for fully integrated AI solutions to deliver tangible economic growth and prosperity across the nation.

The Tata chief urged industry leaders to collaborate closely with the government on AI policy formulation and take ownership of execution. “This is not just about technology; it’s about creating opportunities for every Indian, especially in small and medium enterprises,” he noted. By enabling widespread access to AI tools, Chandrasekaran believes India can address pressing challenges like healthcare access and educational disparities, fostering a more equitable society.

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The Niti Aayog report underscores AI’s potential to accelerate India’s journey toward becoming a developed nation by 2047, aligning with the ‘Viksit Bharat’ vision. Chandrasekaran highlighted that AI-driven innovations could position India as a global leader in technology, creating millions of jobs and boosting GDP growth. He called for a robust ecosystem where startups, SMEs, and large corporations alike can harness AI to deliver value and drive innovation.

As global competition in AI intensifies, Chandrasekaran’s remarks signal India’s ambition to carve out a leadership role. With government initiatives like the India AI Mission gaining momentum, the collaboration between public and private sectors will be critical. His vision paints an optimistic future where AI not only fuels economic progress but also empowers every citizen, setting the stage for India to redefine its place on the global stage.

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