‘India can do to AI what China did to manufacturing’: Ola Founder and CEO Bhavish Aggarwal

Ola Founder and CEO Bhavish Aggarwal on Sunday said that with the kind of talent India has, it will become a global leader in artificial intelligence (AI) the way China became in manufacturing.

In a post on social media platform X, Aggarwal said it will not “automatically happen unless we make it happen”. India has the largest number of developers in the world.

“It also has largest number of silicon designers in the world, largest amount of data in the world and largest IT services industry in the world,” said Ola Electric CEO. The India AI Mission has been approved with an outlay of Rs 10,372 crore and out of this, Rs 2,000 crore would be utilised towards supporting the Indian startup ecosystem to develop indigenous AI-based solutions. According to the latest IDC report, the spending on AI and Generative AI (GenAI) in India is projected to reach $6 billion by 2027, at a compound annual growth rate (CAGR) of 33.7 per cent. (IANS)

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