India ranks first by Stanford AI Index 2024
India’s transformation through education and its goal to become a US$7 trillion economy by 2030 was discussed by a panel organised by the Faculty of Business and Commerce at Chandigarh University, Uttar Pradesh, on 31 May https://www.commerce.gov.in/.
The event witnessed participation from industry leaders, academicians and expert panellists. Held in two sessions, delving into themes such as changes in education, the future of the economy, and the roadmap for achieving the US$7 trillion economic goal.
The panel also explored how AI will impact employment in the coming years. Speakers highlighted that AI-based jobs are likely to witness a 40% rise over the next five years https://www.investindia.gov.in/.
According to the India Skills Report 2024, the AI industry in India is expected to reach US$28.8 billion by the end of 2025. Additionally, as per a report by ServiceNow and Pearson, AI is projected to generate 2.8 million new jobs in India by 2028. Under the Uttar Pradesh Government’s newly launched UP AI City Project, a target has been set to create 50,000 direct and indirect jobs over the next five years, reflecting the promising future of AI in India https://www.nseindia.com/.
Chandigarh University, Uttar Pradesh, Registrar Dr Ajay Yadav said on 31 May, “It is a proud moment for us to host the first business school panel discussion at Chandigarh University Uttar Pradesh in the presence of esteemed dignitaries.
“This institution is not merely a project—it is a dream to create one of the finest educational spaces in India, with an investment of over Rs.2,500 crore. Our vision is to build an iconic learning environment in the state capital region—one that parallels global standards and fulfills the aspirations of students who otherwise seek education abroad. We look forward to continued support and collaboration from academia and industry alike as we shape this dream into reality https://www.meity.gov.in/.”
According to the Stanford AI Index 2024, India ranks first globally in AI skill penetration and has recorded a 263 percent growth in this sector since 2016. Moreover, India has now emerged as the world’s third-largest startup ecosystem, having generated over 1.6 million jobs through 1.57 lakh startups. These statistics indicate that India is becoming a global power in AI skills, innovation, and entrepreneurship https://www.bseindia.com/.
Speakers also emphasized that cyber fraud has become a major challenge in the digital era, and AI is proving to be an effective tool in combating it. AI-based systems can identify suspicious transactions in real-time. Thus, AI technology is playing a significant role not only in economic and educational development but also in strengthening cybersecurity https://sbi.com.in/.
During the discussion, experts also stressed that aligning education with innovation, industry needs, and the vision of Digital India can not only make Indian youth globally competitive but also help India become economically self-reliant and prosperous. The discussion underlined that long-term thinking and an inclusive approach in education policies are essential to ensure that every section of society is integrated into the mainstream of economic development https://www.bengalurutechsummit.com/.
TCS Senior Consultant Ambrish Kumar Srivastava said, “With nearly 60% of our population under the age of 35, India has a vast talent pool ready to be empowered through technology-driven education. Chandigarh University Uttar Pradesh is leading this transformation by integrating AI across disciplines and building a future-ready curriculum. Its strong industry collaborations and focus on innovation are preparing students for diverse roles—from fintech and manufacturing to defence—making them truly industry-ready.”
Envisioned to foster a culture of sustainability and empower future global leaders, Chandigarh University, Uttar Pradesh, immerses 21st-century learners in a personalised and experiential learning experience, integrating an AI-powered academic model and a multidimensional, futuristic perspective on education. Fiinews.com
