The domestic IT industry will grow to $350 billion by 2030, Kris Gopalakrishnan, chairman of Axilor Ventures and co-founder of Infosys, said on Wednesday.
Speaking at the 26th edition of the , he said, “Last year, the domestic IT industry grew by around 9% and it is a $200-billion industry and is expected to grow to $350 billion by the year 2030. This is a high growth industry and it has continuously grown every year over the last several years despite global macroeconomic slowdown.”
He said ChatGPT became the fastest-growing application technology in the world in a very short period of time. “With every new innovation, there are some changes. Now, how we interact with intelligent systems changes and what is unique about this innovation is its ability to interact with a chat interface. It democratises AI,” he said.
Gopalakrishnan also said there should be periodic discussions between the government and the industry to strategise for future innovations.