– Financial services see underwriting time reduced by 70%.
– Retail conversion rates increase by up to 15%.
– healthcare experiences expansion through advanced diagnostics and remote consultations.
– India’s global share of the talent pool stands at 16%, second after the US.
India’s critically important strides in artificial intelligence adoption are noteworthy given its demographic advantages and rapidly expanding digital ecosystem. As new career roles emerge due to AI advancements (e.g., “AI agent manager” or “prompt engineer”), organizations must invest heavily in reskilling their workforce-including fostering adaptability and agility-to ensure sustainable growth amidst technological disruptions.Microsoft India President Puneet Chandok underscores a critical paradigm shift toward experiential learning with technologies like AI-the analogy likening it to fitness training emphasizes that practical engagement trumps theoretical understanding. This logic aligns with India’s push for scalable skill progress amid growing enterprise investments.
The projected growth of India’s domestic AI market-tripling by 2027-and the doubling of its already sizable talent pool reflect robust potential as well as existing challenges in preparing millions for this digital transition swiftly yet effectively.Such analysis warrants attention from policymakers working on education reforms tailored toward technology fluency while together addressing job change impacts driven by automation-a vital effort needed if India aims not just at economic expansion but equitable inclusion within global innovation ecosystems.
Read more: The Hindu