AWS plans to add $23 bn to India's GDP by 2030, says Sandeep Dutta

Amazon Web Services (AWS) plans to contribute $23.3 billion towards India's gross domestic product (GDP) by 2030 while supporting over 1.31 lakh jobs annually, a senior executive from the company said on Thursday.
This announcement comes as the cloud infrastructure provider prepares to invest $12.7 billion by the end of 2030 to meet the growing demand for cloud services and artificial intelligence (AI) in the country.
'We're all aware that India is on the cusp of becoming a $1 trillion digital economy. As AWS, we continue to deepen our commitment towards India,' said Sandeep Dutta, president of India and South Asia, AWS.
He was speaking at the AWS Summit in Mumbai.
'We are continuously working with the government and the industry to find opportunities to mitigate India's skill gap. Since 2017, AWS in India has trained more than 5.9 million people on cloud and related skills,' Dutta added.
He also revealed that the company plans to install more than 200 billion smart meters in India by 2030.
'Over the course of the next few years, we will install in excess of 200 billion smart metres in India. Why? The objective is very clear. We intend to bring down, as a country, our technical and commercial loss levels from the current trajectory of 13.8 or 14 per cent to 7 per cent in the next five to six years,' he explained.
Dutta noted that every 100 basis points of loss reduction could potentially add ₹4,500 crore to the country.
Smart meters are capable of digitally tracking real-time usage of electricity, gas or water, and transmitting the data directly to utility providers.
AI push
This highlights the growing importance of Chief AI Officers (CAIOs) in accelerating adoption and managing implementation complexity.
The report added that another 15 per cent of organisations polled were planning to appoint such executives by 2026.
With generative AI (GenAI) emerging as the top budgetary priority—followed by security and compute—companies are increasingly formalising AI leadership roles.
The study also found that 43 per cent of organisations had fully integrated GenAI into their workflows.
'GenAI adoption in India is near universal, with 98 per cent of organisations using GenAI tools, and 95 per cent actively experimenting to unlock new applications,' the study noted.
The findings are based on responses from 415 senior IT decision-makers in India across sectors including financial services, information and communications technology, manufacturing and retail.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

India Today

2 hours ago

• India Today

Building some code competency Department Of Computer Science, Christ, Bengaluru

With its fast-track curriculum and frontier tech focus, the Department of Computer Science at Christ is where innovation meets education and transforms into real-world outcomes No. 1: DEPARTMENT OF COMPUTER SCIENCE, CHRIST (DEEMED TO BE UNIVERSITY), BENGALURU 5 REASONS WHY IT IS THE BEST Christ has partnered with technology firms to design courses in cutting-edge fields like Robotic Process Automation. This ensures both faculty training and real-time industry monitoring of student progress. The Department of Computer Science encourages early exposure to research through its Undergraduate Research Immersion Programme in gamification, immersive technologies etc. It is backed by an annual industry-academia conclave. Through active international partnerships, BCA students can take part in semester-long research exchanges in countries like Germany and France. This builds their cross-cultural competence and exposes them to global best practices. A mandatory fast-track structure enables students to complete advanced coursework early, aligning with NEP 2020's four-year Honours model and preparing them for direct PhD eligibility. With a focus on incubation, the department supports student-driven innovation while training them in high-demand domains like cybersecurity, Gen AI and computer vision—gearing them for both jobs and entrepreneurship.

Time of India

15 hours ago

• Time of India

Capillary Technologies' DRHP highlights rising competition, AI impact on business

Customer engagement and loyalty tech provider Capillary Technologies ' draft red herring prospectus (DRHP) highlights increasing competition to acquire and retain enterprise customers amid increasing impact of artificial intelligence (AI), challenging macroeconomic conditions and changing market dynamics. The Bengaluru-headquartered company filed its DRHP with the Securities and Exchanges Board of India on June 18, after it shelved its initial plans in 2021. It is looking to raise Rs 430 crore through its initial public offering this year. The company reported revenue of Rs 598 crore for 2024-25, up 13.9% from Rs 525 crore in the previous financial year, according to data from the DRHP. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover the best air conditioner unit prices in the Philippines 2024 Air Condition | Search Ads Search Now Undo Enterprise customer retention Capillary Technologies lost three customers in 2022-23 and one each in 2023-24 and 2024-25. In the case of large enterprise customers, it is facing competition from firms that offer similar services targeting enterprise customers as they cut costs, restructure and develop products in-house. Live Events 'While the afore-mentioned instances did not materially impact our financial condition, we cannot assure you that our business, financial condition and results of operations will not be adversely affected in the future due to such instances,' the DRHP said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The AI impact In the DRHP, the company said that AI – which has been mentioned 81 times, compared to 18 times in the draft red herring prospectus filed in 2021 – is complex and rapidly evolving, and that it faces significant competition in the market and from other companies regarding such technologies. 'The adoption of Gen AI by various industries could lead to changes in our customers' operations. By adopting Gen AI, our customers may develop in-house capabilities which could impact the extent to which customers rely on us and reduce their need for our services,' it said. In addition, the company said it is incorporating AI in its solutions and business operations. 'Our research and development of such technology remains ongoing. AI presents risks, challenges, and unintended consequences that could affect our and our customers' adoption and use of this technology,' it said. R&D, acquisitions To maintain its competitive edge, the company has been investing significantly in AI. It invested 21.50% of its revenue in 2024-25, lower than 28.04% in the previous fiscal in research, design and development. According to the DRHP, the company will invest Rs 151 crore in research and development. It will also focus on inorganic growth through acquisitions to enter new business areas as a strategic initiative, the company said, albeit without disclosing the expenditure earmarked for this.

Economic Times

15 hours ago

• Economic Times

Capillary Technologies' DRHP highlights rising competition, AI impact on business

Customer engagement and loyalty tech provider Capillary Technologies' draft red herring prospectus (DRHP) highlights increasing competition to acquire and retain enterprise customers amid increasing impact of artificial intelligence (AI), challenging macroeconomic conditions and changing market dynamics. The Bengaluru-headquartered company filed its DRHP with the Securities and Exchanges Board of India on June 18, after it shelved its initial plans in 2021. It is looking to raise Rs 430 crore through its initial public offering this year. The company reported revenue of Rs 598 crore for 2024-25, up 13.9% from Rs 525 crore in the previous financial year, according to data from the DRHP. Enterprise customer retention Capillary Technologies lost three customers in 2022-23 and one each in 2023-24 and 2024-25. In the case of large enterprise customers, it is facing competition from firms that offer similar services targeting enterprise customers as they cut costs, restructure and develop products in-house. 'While the afore-mentioned instances did not materially impact our financial condition, we cannot assure you that our business, financial condition and results of operations will not be adversely affected in the future due to such instances,' the DRHP said. The AI impactIn the DRHP, the company said that AI – which has been mentioned 81 times, compared to 18 times in the draft red herring prospectus filed in 2021 – is complex and rapidly evolving, and that it faces significant competition in the market and from other companies regarding such technologies.'The adoption of Gen AI by various industries could lead to changes in our customers' operations. By adopting Gen AI, our customers may develop in-house capabilities which could impact the extent to which customers rely on us and reduce their need for our services,' it addition, the company said it is incorporating AI in its solutions and business operations. 'Our research and development of such technology remains ongoing. AI presents risks, challenges, and unintended consequences that could affect our and our customers' adoption and use of this technology,' it said. R&D, acquisitions To maintain its competitive edge, the company has been investing significantly in AI. It invested 21.50% of its revenue in 2024-25, lower than 28.04% in the previous fiscal in research, design and development. According to the DRHP, the company will invest Rs 151 crore in research and development. It will also focus on inorganic growth through acquisitions to enter new business areas as a strategic initiative, the company said, albeit without disclosing the expenditure earmarked for this.