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AI is creating new opportunities. With industry-backed skilling programmes and AI-ready talent, India's middle class is powering innovation and making India the preferred destination for Global Capability Centres. - Smt Nirmala Sitharaman at Aix-Marseille University, France

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Nirmala Sitharaman Office

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From Capability to Global Leadership is what I think defines India's Next Decade. The opportunity before India is to redefine our place in the global economy. Around two-thirds of the Fortune Global 2000 companies have yet to establish a Global Capability Centre in India. This is one of the largest untapped investment opportunities before us. - Smt Nirmala Sitharaman at the CII National GCC Business Summit, 2026 (1/n)
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From Capability to Global Leadership is what I think defines India's Next Decade. The opportunity before India is to redefine our place in the global economy. Around two-thirds of the Fortune Global 2000 companies have yet to establish a Global Capability Centre in India. This is one of the largest untapped investment opportunities before us. - Smt Nirmala Sitharaman at the CII National GCC Business Summit, 2026 (1/n)

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Budget after budget, India has strengthened education and skilling of the youth through greater support for STEM education and future-ready sectors like AVGC (Animation, Visual Effects, Gaming and Comics). - Smt Nirmala Sitharaman at at the Rencontres Économiques d’Aix-en-Provence

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India contributes 16% to Global AI talent and is among top 3 talent markets. Indians are the 2nd Largest contributor to public Gen-AI GitHub projects. It is estimated that AI-enabled GCCs will likely contribute 30-35% of revenues of the India’s AI services market by 2028. Thus, India has the potential for becoming the global hub for building various AI products & services. Given the large population with 650 million smartphone users, we should create scalable models for sectors beyond finance such as healthcare, education, agriculture, MSMEs, exports, etc. India can also build AI products that fits diverse use-cases across the world. It can be a laboratory for developing and testing AI ideas. Our AI stack must be rooted in Indian languages, local contexts, and multimodal interfaces, so that it can be widely accepted and accessed by our citizens. Focused approach across the AI stack can make India the AI torchbearer for the Global South. - Smt Nirmala Sitharaman.
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