AI: Catalyst for India's Tech Boom, Not a Threat
NASSCOM Chairman Srikanth Velamakanni asserts that AI will boost, not threaten, India's tech industry, despite challenges like geopolitical uncertainties. TCS plans to hire 25,000 freshers by FY 2027, while AI's growing role promises a multi-trillion-dollar opportunity, transforming business processes and driving industry growth.
In an optimistic outlook for India's technology sector, NASSCOM Chairman Srikanth Velamakanni has dismissed fears that artificial intelligence could pose a threat. Instead, he predicts it will propel growth and continue to create job opportunities.
Speaking at a crucial time when geopolitical upheavals and AI advancements are seen as potential disruptors, Velamakanni emphasized the substantial performance enhancements AI can bring. He believes the tech industry has a bright future, highlighted by TCS's plan to hire around 25,000 freshers by FY 2027, despite a recent slowdown in hiring across the sector.
Velamakanni projected AI to usher in a multi-trillion-dollar opportunity by advancing enterprise functions and workflows. Although geopolitical uncertainties pose challenges, he expressed confidence in the industry's resilience and its capacity to achieve sustained growth and expansion in upcoming years.
(With inputs from agencies.)
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