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Speaking about Technology, the global trends and implications for India, in the Madras Management Association's (MMA) Annual Convention 2015, he said, "What is the impact of digital India. If you look at next 10 years, we will see $550 billion to $1 trillion of GDP (Gross Domestic Product) impact in India resulting from the intelligent applications of technology."
This is 20-30 per cent of India's incremental GDP growth and three to six times of the current economic contribution of the Industry itself. That is the scale of opportunity that exists with six sectors - Financial services being the largest, Education, Healthcare, Agricultrure and Food, Energy, Infrastructure and Government Services - which combines 50 per cent of the opportunity.
"This is the opportunity in front of us if we use technology intelligently in India. This is not an opportunity of the future, you will hear examples today. We think that we cannot solve the problems faced by India today without aggressively leveraging technology," he said.
In the next four years, the country is going to see a dramatic change in technology, due to the largest migration in mankind's history of original invention of the internet, of humans attaching themselves to the internet. 350-500 million people are going to join the mobile internet in the next four years. Perhaps this is why the government is putting digital India as one of its focus, he added.
In the next 10 years, machines are expected to take over 30 per cent of the work of knowledge workers, he added.
