In this episode of ET@Davos, ET’s Sruthijith KK, Executive Editor, talks to Devendra Fadnavis, Chief Minister, Maharashtra; Sanjeev Krishan, Chairperson, PwC India; Sanjiv Bajaj, MD, Bajaj Finserv; and Nikhil Kamath, Co-founder, Zerodha, about AI’s transformative role in India’s development journey.The discussion unveiled ambitious initiatives including a 200-acre innovation city near Mumbai and AI-powered governance solutions—from digitized agricultural data supporting millions of farmers to automated building plan approvals eliminating bureaucratic delays. PwC’s “AI Edge for Viksit Bharat” report projects inclusive AI adoption could add $550 billion to GDP by 2035. Indian companies are already witnessing transformation: 30% productivity gains in customer service, hyper-personalized marketing at unprecedented scale, and AI-driven lending decisions. While concerns about job displacement persist, the consensus emphasized reskilling, educational reform, and AI as a tool to augment—not replace—human creativity, judgment, and empathy in both governance and business.
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