AI Set to Transform Indian Economy, Experts Say at Summit

by

Himanshu Tiwari

New Delhi, February 18: On the third day of the AI Impact Summit 2026, industry leaders expressed optimism about the potential of artificial intelligence (AI) to significantly benefit the Indian economy.

In an interview with a news agency, Premchand Akela, Senior Director of International Marketing at DDN, emphasized that India is a remarkable country. He believes that the advancement of AI will create substantial opportunities for the Indian economy.

He further stated that every Indian involved in this initiative is taking the right steps alongside the government to foster AI development.

Major General Sujit Shivaji Patil remarked, “AI will have an impact across all sectors. It will influence ISR (Intelligence, Surveillance, and Reconnaissance) and enhance the security of our systems. It will provide us with unique capabilities to directly and indirectly affect enemy systems, aiding us in achieving victory.”

Priyanka Agarwal, Managing Director and Senior Partner at Boston Consulting Group (BCG), noted that this AI summit will help position India on the global map. She highlighted that AI could greatly assist India’s pharmaceutical sector, making healthcare more affordable and accessible to the public.

She added that while AI may impact some jobs, it will also create numerous new positions and significantly boost productivity.

Binu Arora, CEO and Co-founder of Cyble, described the summit as the most significant event in India’s history. He stated that it is occurring at a pivotal moment when India is experiencing substantial global changes. In the future, countries that enhance their AI capabilities will achieve prosperity.

Jay Bawisi, Chairman and CEO of the EC Council, mentioned that India is among the few countries with a large number of LLMs, tech experts, and English speakers. He believes that hosting this summit will increase discussions around AI in the country. He also stressed the importance of implementing AI correctly to enhance productivity, warning of serious consequences if mismanaged.

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