India's IT sector to hit $400 billion by 2030 with AI: PM Modi

With the AI-India Impact Summit underway in the capital, Prime Minister Narendra Modi highlighted how Artificial Intelligence (AI) is not replacing India's IT sector but transforming it, potentially enabling the industry to reach $400 billion by 2030. The summit marks the first global convening of this scale on AI hosted in the Global South.In a special interview with ANI's text service, the Prime Minister spoke about the growing impact of Artificial Intelligence (AI) on the IT industry and the government's strategy to strengthen the sector. "India's IT sector has been the backbone of our services exports and a key driver of economic growth. AI presents both a tremendous opportunity and a challenge for this sector. AI market projections show India's IT sector could reach $400 billion by 2030, driven by new waves of AI-enabled outsourcing and domain-specific automation," he said.AI as an Enabler, Not a DisruptorPM Modi emphasised that AI should be seen as an enabler rather than a disruptor. "The fundamental shift is that AI isn't replacing the IT sector. It is transforming it. While general-purpose AI tools have become widespread, enterprise-grade AI adoption is still concentrated in specific sectors, and incumbent IT firms continue to play crucial roles in solving complex business problems," he said.Government's IndiaAI MissionThe Prime Minister further stated that the government has adopted a comprehensive approach through the 'IndiaAI Mission' to build a strong domestic AI ecosystem. He said, "To enable a strong Indian AI ecosystem, the government has responded with a comprehensive strategy centred on the IndiaAI Mission. We've already exceeded our initial target of GPUs and we are committed to do more, to provide affordable access to world-class AI infrastructure for startups and enterprises."Institutional Initiatives and SkillingHighlighting institutional initiatives, PM Modi said the government has established four Centres of Excellence in Healthcare, Agriculture, Education and Sustainable Cities, along with five National Centres of Excellence for Skilling to equip the workforce with industry-relevant AI expertise."We want our IT sector to lead not just in service delivery but in building AI products, platforms, and solutions that work for India and the world," PM Modi added.Strengthening AI Compute InfrastructureIndia is expected to add another 20,000 GPUs, taking the total beyond 38,000 GPUs, to strengthen the country's AI compute infrastructure. Under the IndiaAI Mission, these high-end GPUs are available at about Rs 65 per hour, nearly one-third of the global average cost.Future Focus and InvestmentsThe next phase of India's AI strategy will focus on design, research, and development to build solutions tailored to India's needs. He also indicated that AI-related investments are likely to exceed USD 200 billion at the summit, including USD 90 billion already committed, with discussions ongoing with major companies regarding further investments. (ANI)(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)

India's IT sector to hit $400 billion by 2030 with AI: PM Modi

Synopsis

PM Modi states AI will transform, not replace, India's IT sector, projecting it to reach $400B by 2030. He outlines the IndiaAI Mission's strategy, including providing affordable GPU access, to build a strong domestic AI ecosystem.

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