Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget announcements. Artificial intelligence poses risks to business models focused solely on low-cost execution. The government encourages GCC expansion beyond major metropolitan cities. Firms and people must drive the move from cost to capability and innovation.

Highlighting the role of government-industry collaboration, the CEA said the Union Budget has addressed a long-pending industry demand by simplifying and expanding the transfer…

Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget…

Observing that AI has exposed old model, Nageswaran said it is likely to displace routine, repetitive and rule-based tasks, and it would be unrealistic to deny the risks posed to…

India’s Global Capability Center (GCC) sector has emerged as one of the country’s biggest economic success stories, evolving from back-office operations into global hubs for…

The Chief Economic Adviser urged companies to invest in skills and innovation, saying artificial intelligence raises the value of workers while the government has already laid the…

Speaking at the CII GCC Business Summit, Krishnan noted that the deployment of AI in enterprises is still lagging across the world, not just in India, presenting an opportunity…