'AI Can Add $3 Trillion to $5 Trillion Indian Economy' Echo Raghav & Abhinav Aggarwal, Ankush Sabharwal At Republic Summit

Artificial Intelligence (AI) is the new fuel that will drive world economies, so much so that a who’s who of India’s AI sector believes it could pump $3 trillion into India’s $5 trillion economy. Speaking at the grand Republic Plenary Summit held at the Bharat Mandapam in New Delhi, Raghav Aggarwal, co-founder and MD of Fluid AI, Abhinav Aggarwal, co-founder and CEO of Fluid AI, and Ankush Sabharwal, founder and CEO of CoRover shed light on India’s existing and future AI landscape.

“AI can add three trillion dollars to the five-trillion dollar Indian economy,” said Aggarwals collectively, adding that it is important for every sector, including manufacturing, where AI is helping build smart factories by keeping the uptime high. “Whether you’re looking at customer support centres and sales centres getting enabled by AI to be much faster, much more enabled or whether you look at organisations just having agentic AI to go ahead and be in a CEO’s office,” AI is everywhere.

Broadening the impact of AI revolution, Raghav said that India missed the industrial revolution, but caught up in the IT revolution, thanks to AI. “I think [with] AI revolution, we can definitely lead IT because Abhinav said right, a five-ten person team, enabled by the right AI agents can now operate at a global scale, can operate at 200 or 500 million, or even a billion ARR is now close to these very small teams.” He added that an entrepreneurship explosion is going to happen in India enabled by AI because of the abundance of knowledge, the abundance of intelligence is now within our grasp.

Sabharwal touched on how India’s diverse population and the kind of data it generates can help the country solve major problems with the help of AI. “We produce data by just living life. I keep saying that again and again. We are producing data and content. I think it is a matter of just using it in the right form. We keep hearing there is a resource crunch. I think that’s not true.” He added, “I think let a few people like us continue building the technology platform and the majority of us should solve problems. The technology is already there.”

Fluid AI’s co-founders, CoRover’s CEO agreed with the moderator, highlighting that we are seeing just a glimpse of what AI can do, referring to the emergence of leading AI platforms such as ChatGPT and DeepSeek. “You are going to see [AI] agents in literally all parts of an enterprise. You’re going to take the agents and put them inside robots. We call it physical AI.” But it is still some time away, maybe five or 10 years, agreed the panel.

The panel also discussed India’s existing AI infrastructure and how rapidly it is transforming, with the government’s help.

Read more: Apple's New iPad Has New Chip, More Memory But Lacks Important Feature