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Amitabh Kant

India must lead AI revolution, not just participate, says Amitabh Kant

India should not just participate but steer the ongoing AI revolution, and mobilise the powerful technology to bring the nation to the forefront of the global stage, the country's G20 Sherpa Amitabh Kant said on Thursday. "We're truly in a unique moment with the ongoing AI revolution. Its relentless advancing capabilities across the board, its increasing adoption by citizens, and most importantly, its potential to redefine the very fabric of industry and society marks this as a transformative era," the former NITI Aayog CEO said at the Global IndiaAI Summit here. Citing industry body nasscom, Kant said 70 per cent of Indian startups prioritise AI to drive their growth, thus underscoring the critical role of AI in the startup ecosystem. "India proudly holds the position of having the second highest number of GitHub AI projects globally, accounting for 19 per cent of worldwide AI projects. this demonstrates a vibrant and active engagement in AI development on an international scale.

India must lead AI revolution, not just participate, says Amitabh Kant
Updated On : 04 Jul 2024 | 8:44 PM IST

Curriculum of engineering colleges, IITs needs to be restructured: Kant

The curriculum of many engineering colleges and IITs needs to be totally reoriented and restructured to align with the present demand, G20 Sherpa Amitabh Kant said. While speaking at a three-day India Global Innovation Connect (IGIC) 2024 event in Bengaluru, Kant said there is an urgent need to bridge the gap between industry demands and the available talent pool and ramp up the skilled engineers pool in India, particularly in areas where there is a high demand, such as artificial intelligence, machine learning, data science, and cybersecurity. "The curriculum of many of these engineering colleges and our IITs needs to be totally reoriented and restructured to align with the demands of today, to address the supply chain issue. The next five years of the Government will focus on skilling and apprenticeship to create a vast number of new jobs," Kant said on Thursday. He said that India must position itself as the global centre for innovation, which needs to start with a transforming .

Curriculum of engineering colleges, IITs needs to be restructured: Kant
Updated On : 07 Jun 2024 | 9:59 PM IST

Why is India a developing, not developed nation? Amitabh Kant answers

Former Chief Executive of NITI Aayog Amitabh Kant's comments coincide with a recent forecast by global brokerage Jefferies that predicted India's GDP to hit $5 trillion in the next four years

Why is India a developing, not developed nation? Amitabh Kant answers
Updated On : 22 May 2024 | 11:38 AM IST

Global future won't be driven by big tech but by India's DPI: Amitabh Kant

India's G-20 sherpa Amitabh Kant on Thursday said the global future will not be driven by big technology firms but by the digital public infrastructure platforms developed locally. Speaking at the 'We Made in India' event here, Kant said India will transfer its digital public infrastructure (DPI) to the rest of the world, and already there are many examples of countries warming up to the same. The DPI consists of the digital identity through Aadhaar, real time payment through the UPI platform and other services like account aggregator, and was showcased to the world during India's presidency of G-20 last year. Kant said during the G-20, the world accepted the definition and framework of the DPI, given the strides that India has made through its strategies. "During G-20, the world accepted the definition of digital public infra, the world accepted the framework of DPI and to our belief, the future will not be driven by big tech, it will be driven by DPI," he said. It can be noted t

Global future won't be driven by big tech but by India's DPI: Amitabh Kant
Updated On : 18 Apr 2024 | 3:03 PM IST

We need more large companies to aid India's high growth: Amitabh Kant

Amitabh Kant discusses India's role in G20 and path to becoming a developed nation by 2047 at Business Standard Manthan

We need more large companies to aid India's high growth: Amitabh Kant
Updated On : 29 Mar 2024 | 6:12 PM IST

BS Manthan: Trade policy in tune with development journey, says Goyal

Top names in polity, economy, diplomacy, business, startups, agri, luxury & sustainability made BS Manthan a star-studded show

BS Manthan: Trade policy in tune with development journey, says Goyal
Updated On : 29 Mar 2024 | 12:42 AM IST

Amitabh Kant's growth call: 10K big companies, 10 champion states

The government must take the lead in ensuring Life Insurance Corporation of India invests in startups, says Amitabh Kant

Amitabh Kant's growth call: 10K big companies, 10 champion states
Updated On : 28 Mar 2024 | 11:49 PM IST

We need to accelerate India's growth at 9-10% over next 3 decades: Kant

Discussing India's anticipated growth, Kant suggested transitioning people from agriculture to manufacturing-led smart cities to create better-quality jobs and foster economic development

We need to accelerate India's growth at 9-10% over next 3 decades: Kant
Updated On : 21 Mar 2024 | 11:19 PM IST

End of funding winter? Indian startups set to raise $8-10 billion this year

In 2022, Indian startups raised a total investment of $25 billion. In 2021 the fund raised a new high of $41.4 billion, according to Tracxn

End of funding winter? Indian startups set to raise $8-10 billion this year
Updated On : 19 Mar 2024 | 12:48 AM IST

Startups must adhere to self-regulating ecosystem, says Amitabh Kant

Indian startups must adhere to a self-regulating ecosystem to bring in transparency and ethical behaviour, G20 Sherpa Amitabh Kant said on Monday while observing that chasing valuation at all costs sometimes leads to misgovernance. He also said that there should not be any regulatory intervention if India wants to create a vibrant startup movement as government regulation stifles innovation. Speaking at the Startup Mahakumbh event, Kant said India has been able to create the third-largest startup ecosystem in the world, and the challenge for the country is to make it the number one nation of startups in the world in the next five years. "Startups must adhere to a self-regulating ecosystem governance as this will bring in transparency, ethical behaviour in our statup ecosystem," he said. Noting that startups are 'national assets', the former NITI Aayog CEO said they must bring in best practices, and by following these best practices, startups will trust their stakeholders, they will

Startups must adhere to self-regulating ecosystem, says Amitabh Kant
Updated On : 18 Mar 2024 | 10:20 PM IST

Startup movement must be driven by domestic financing, says Amitabh Kant

Indian startup movement must be driven by Indian financing and cannot depend on foreign funding, G20 Sherpa Amitabh Kant said on Thursday. While speaking at the CII Unicorn Summit, Kant said the nation needs to create a fund of funds to support young deep tech startups. He said unicorns are national assets to the country. Startups should focus on corporate governance for growth, otherwise, they will land up in a debacle, Kant added. He also said women are outperforming men in every single walk of life, and if India wants to be a USD 35 trillion economy by 2047, it cannot do so without women.

Startup movement must be driven by domestic financing, says Amitabh Kant
Updated On : 14 Mar 2024 | 9:01 PM IST

India will not accept unjust carbon emission mandates, says DPIIT secy

India will not accept any unjustified mandate on carbon emissions but will deliver more than the commitment it makes, a senior government official said on Friday. While speaking at the Aavaana-Startup India ClimateTech Challenge event, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said India's mandate is to become net zero by 2070. "We have accepted a stretched-out kind of goal because India believes we are not historically responsible for carbon emissions, even less in per capita terms, but the vision of the Hon'ble PM has always been that we will not accept unjustified mandates but we will deliver much more than we have promised," he said. Singh said India has already built the world's 4th largest renewable energy capacity of 180 gigawatts. "We are well ahead of our SDG (Sustainable Development Goals) goals," he said. He said that as India moves towards a greener future, start-ups will play a very important role through their innova

India will not accept unjust carbon emission mandates, says DPIIT secy
Updated On : 23 Feb 2024 | 10:51 PM IST

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant

India will be the third largest economy by 2027 and it needs to grow at rapid rates to become a USD 35 trillion economy by 2047, the country's G20 Sherpa Amitabh Kant said on Wednesday. Addressing an event organised by the All India Management Association, Kant further said that India needs to grow at 9-10 per cent year after year for the next three decades. "India will be the third largest economy by 2027. And now that Japan, the United Kingdom and Germany are all in the recession phase, we should be able to do it much quicker and much faster," he said. Currently, India is the fifth largest economy and the size of the Indian economy would be about USD 3.6 trillion by March 31, 2024 in nominal terms. "And it is important to be ambitious to make India grow at rapid rates and be USD 35 trillion economy by 2047," Kant added. He noted that India has come a long way from the time when it had faced balance sheet problems. Kant pointed out that unlike the West, where all innovation came

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant
Updated On : 21 Feb 2024 | 4:20 PM IST

India needs to grow at 9-10% for 3 decades to be $35 trn economy: Kant

India needs to grow at an annual rate of 9-10 per cent for around three decades and constant innovations to become a USD 35 trillion economy by 2047, India's G-20 Sherpa and former NITI Aayog CEO Amitabh Kant said on Sunday. "We are the fifth largest economy in the world and by 2027 we will surpass Japan and Germany to become the third largest economy in the world. And our aim is that by the time we turn 100 in 2047, India should be a USD 35 trillion economy," Kant said while addressing a session at Mumbai Tech Week (MTW) hosted by Tech Entrepreneurs Association Mumbai (TEAM). Which means, India will become the second largest economy in the world, Kant stated. "And to be a USD 35 trillion economy means that we need to grow year after year for close to three decades by 9-10 per cent annually and this means that we need to do a lot of disruptions and constant innovation," he noted. Kant said that India created the digital identity of 1.4 billion people and technologically the country

India needs to grow at 9-10% for 3 decades to be $35 trn economy: Kant
Updated On : 18 Feb 2024 | 7:37 PM IST

Amitabh Kant calls for 25 mn job creation by 2030 in hospitality industry

India's G20 Sherpa Amitabh Kant on Monday asked hospitality and tourism sector players to tell politicians about creation of 25 million jobs by 2030 while seeking their help for the demand of industry and infrastructure status. Speaking at the 6th Hoteliers' Conclave organised by the Hotel Association of India (HAI), Kant said somehow the tourism industry has failed to tell the politicians that it is a big creator of jobs, while agreeing with their demand for industry status. "If you look at tourism, I think from a perspective of a political lens, the politician only understands one thing and that is how many jobs is the tourism sector creating," he said. Kant further said, "Tourism has a huge multiplier impact for every direct job that you create, you create seven indirect jobs, but I think somehow the tourism industry has failed to tell the politicians that we are a big creator of jobs." In terms of employment, Thailand creates close to 20 million jobs, Malaysia about 15 million

Amitabh Kant calls for 25 mn job creation by 2030 in hospitality industry
Updated On : 12 Feb 2024 | 1:39 PM IST

NITI Aayog to support 50-youth led social startups, applications open

Dedicated young entrepreneurs offering solutions that address tangible issues or foster meaningful co-innovation opportunities aged 18-29 are invited to apply

NITI Aayog to support 50-youth led social startups, applications open
Updated On : 13 Jan 2024 | 10:50 AM IST

Global South must adopt digital public infra to achieve SDGs: Kant

The Global South needs to adopt digital public infrastructure to technologically leapfrog and achieve sustainable development goals (SDGs), India's G20 Sherpa Amitabh Kant said on Tuesday. Addressing an event organised by Carnegie India, Kant said now the world will grow on the back of digital public infrastructure. He said if the the world has to grow equitably then the global south is important because 4 billion people still do not have digital identity, 1.3 billion people do not have a bank account, while 133 countries in the world do not have fast payments. "And therefore you need the digital public infrastructure to enable these countries to technologically leapfrog and ensure that we are able to make sustainable development goals reached to them. "And that is really the key, the SDGs must reach the global south," Kant said. The term 'global south' is used to refer poor and developing countries. The former NITI Aayog CEO noted that during the COVID period, while the world wa

Global South must adopt digital public infra to achieve SDGs: Kant
Updated On : 05 Dec 2023 | 3:52 PM IST

India needs to forge ties with Global South to accelerate growth: Kant

The country needs to work in partnership with Global South to accelerate its growth rate to achieve the dream of Vikshit Bharat (developed India) by 2047, G20 Sherpa Amitabh Kant said on Monday. The next two decades are said to be the most significant of India's growth story, he said while speaking at the First Regional Conference on Access to Legal Aid. According to a Niti Aayog roadmap, India would be Vikshit Bharat with a USD 30 trillion economy by 2047 and per capita income of about USD 18,000, he noted. "If this level of sustained growth that we aim to achieve and opportunities must now catalyse this, we need to work in partnership with Global South," Kant said. The Global South is critical and important because this year, 80 per cent of the world's growth will come from emerging markets and the Global South, he said. According to the IMF, he said, almost two-thirds of global growth would come from emerging markets in the next two decades. "This year itself, six of the faste

India needs to forge ties with Global South to accelerate growth: Kant
Updated On : 27 Nov 2023 | 8:01 PM IST

Virtual G20 leaders' summit: Development, global challenges on agenda

"What we decided on green development facts will drive the outcomes of COP28," Kant said

Virtual G20 leaders' summit: Development, global challenges on agenda
Updated On : 21 Nov 2023 | 10:16 PM IST

G20 virtual meet chance to discuss Delhi declaration execution: Kant

A day before Prime Minister Narendra Modi hosts a virtual summit of G20 leaders, India on Tuesday said the meeting will provide an opportunity to discuss the implementation of the Delhi Declaration, enhance cooperation on critical challenges and address gaps in global governance. Addressing a press conference on the summit, India's G20 Sherpa Amitabh Kant said that since the successful hosting of the leaders' summit on September 9 and 10 and the unanimous adoption of the New Delhi Declaration, the world has witnessed succession of events and several new challenges have emerged. He said that while development will be the main agenda of the meeting, the leaders may discuss many other issues. "The virtual summit will provide an opportunity not only to discuss the implementation of the leaders' declaration but also for the leaders to share views and enhance cooperation on critical challenges that we confront and address gaps in global governance, reaffirm our existing commitment to SDGs

G20 virtual meet chance to discuss Delhi declaration execution: Kant
Updated On : 21 Nov 2023 | 5:38 PM IST