Microsoft CEO Satya Nadella recently marked a decade in his role, expressing confidence in the transformative potential of artificial intelligence (AI) within India’s economy. Nadella forecasts that AI-led initiatives could contribute substantially to India’s economy, potentially constituting around 10% of a projected $5 trillion economy, equivalent to approximately $500 billion.
In an exclusive conversation with CNBC-TV18’s Shereen Bhan, Nadella emphasized the profound impact of AI on economic productivity across various sectors. He noted its influence in software development, frontline operations in retail and healthcare, as well as its broader accessibility to citizens. According to Nadella, AI represents a versatile and impactful technology with broad-reaching implications.
India stands at a pivotal juncture to harness the potential of AI across public and private sectors, spanning industries such as healthcare, retail, and energy. Nadella highlighted Microsoft’s commitment to supporting India’s AI-driven growth by serving as a collaborative partner and facilitating the development and export of AI products worldwide.
While acknowledging concerns about job displacement due to AI, Nadella emphasized the emergence of new employment opportunities and accelerated skill development. He cited examples of new roles, such as data labeling, which offer improved wage opportunities, particularly benefiting rural communities in India.
Nadella expressed optimism regarding India’s capacity to navigate the transition towards an AI-driven economy, highlighting the presence of both policy frameworks and technological infrastructure to facilitate a positive transition.
In addition to financial investments, Microsoft remains committed to expanding its footprint in India by establishing data centers and investing in talent development. The company aims to leverage India’s rich human capital to innovate and support global customers, as well as empower local IT services firms with cutting-edge technology.
Nadella’s remarks underscore the significant role that AI is poised to play in shaping India’s economic landscape, with Microsoft positioned as a key partner in driving this transformation.