Mumbai: Artificial intelligence (AI) has recently been the talk of the town, with everyone from industries to individuals attempting to cope with the advent of cutting-edge technology that has not only brought efficiency to tasks and processes, but has also ushered in a bleak state of affairs, with constant layoffs of human workers to make way for bots. However, “in this [AI] threat lies the opportunity,” stated Dr. Anish Shah, Group CEO of Mahindra Group and Managing Director of M&M, on Friday. Speaking at the third edition of the Ideas Of India Summit, Shah stated that in order to truly create a ‘Viksit Bharat’, AI technology must be integrated with industrial businesses.
Shah emphasized that the country’s leading IT services are already doing the same for international clients. However, he stated that the next major step India needs to take is to make AI technology and its benefits “part and parcel of every single business.”
AI In Agriculture
The Mahindra chief went on to discuss the advantages of AI and technology in agriculture. “Every tractor can now have a sensor that can give a lot of information to the farmer,” said Shah, explaining that the technology can be leveraged to offer vital information such as how much seed is needed in a specific section of the land, how much moisture is already there, how much fertiliser needs to be added, and more, resulting in the farmer saving more fertiliser and seed than before.
Path To ‘Viksit Bharat’
Mr. Shah, an eminent figure in fostering purpose-driven organisations and spearheading technological innovation across sectors, has urged India to prioritise inclusive economic growth as it moves forward on the Viksitt Bharat trajectory. Shah emphasized the importance of equitable economic distribution, saying, “My vision for India hinges on inclusive growth, where the benefits of economic progress are shared across all strata of society.”
Addressing an audience at the third edition of the ‘Ideas Of India Summit’, organized by The Ultimate News Network, Shah outlined ambitious economic goals for the country, including a $33 trillion economy by 2047. Key goals included raising per capita income to $17,250, increasing manufacturing to 25% of GDP, and expanding exports by elevenfold from current levels.
Highlighting the burgeoning prospects in India’s electric vehicle (EV) sector, Shah emphasized the country’s potential to emerge as a global leader, aided by ongoing research and development activities. He also emphasized the importance of women-led development, advocating for gender equality in all aspects of society as a critical component of India’s path to inclusive growth under the Viksit Bharat framework.
Furthermore, Shah revealed a strategic initiative launched by Mahindra Group to empower women through education and skill development, with a commitment to educate and skill one million girls each year.
The ‘Ideas Of India Summit’, scheduled for February 23 and 24, will serve as a critical platform for comprehensive discussions on ‘The People’s Agenda’ in the run-up to significant elections in the world’s largest democracy. Renowned figures from various sectors will gather to explore the multifaceted dimensions of India’s sociopolitical landscape, reflecting the mission of The Ultimate News Network’s flagship initiative to foster nuanced discourse on Indian society and governance.