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Exclusive | Martin Wolf Discusses India's Superpower Potential And Economic Future
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#indiasuperpower #economicgrowth #globaleconomics #indiaeconomy #indiagdp
In an exclusive interview with Business Today's Executive Director Rahul Kanwal, Martin Wolf, Chief Economics Commentator at the Financial Times, discusses his views on why India is poised to become a global superpower. Wolf highlights India's large and growing population, predicting that by mid-century, India's population will surpass China's and be four times that of the US. If India can elevate its per capita output to a quarter of US levels over the next 25 years, it could match the US GDP. When asked about the impact of recent Lok Sabha elections on India's growth, Wolf expressed confidence in the stability and progress of India's economic journey. He emphasized that a stable government should not derail economic progress, as economic development is central to Indian democracy.
On technological advancements, particularly AI and tools like ChatGPT, Wolf acknowledged concerns about job automation but also noted that India's cheaper service labor and flexible economy could adapt to these changes. While the future impact of AI on employment is uncertain, he remains optimistic that humans and machines will complement each other, potentially increasing efficiency and employment. Wolf's insights provide a comprehensive outlook on India's potential rise as a superpower and its ability to navigate technological shifts.
#economicgrowth #loksabhaelections2024 #BusinessToday #RahulKanwal #populationgrowth #aiandautomation #futureofwork #technologicaladvancements #HumanMachineCollaboration
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In an exclusive interview with Business Today's Executive Director Rahul Kanwal, Martin Wolf, Chief Economics Commentator at the Financial Times, discusses his views on why India is poised to become a global superpower. Wolf highlights India's large and growing population, predicting that by mid-century, India's population will surpass China's and be four times that of the US. If India can elevate its per capita output to a quarter of US levels over the next 25 years, it could match the US GDP. When asked about the impact of recent Lok Sabha elections on India's growth, Wolf expressed confidence in the stability and progress of India's economic journey. He emphasized that a stable government should not derail economic progress, as economic development is central to Indian democracy.
On technological advancements, particularly AI and tools like ChatGPT, Wolf acknowledged concerns about job automation but also noted that India's cheaper service labor and flexible economy could adapt to these changes. While the future impact of AI on employment is uncertain, he remains optimistic that humans and machines will complement each other, potentially increasing efficiency and employment. Wolf's insights provide a comprehensive outlook on India's potential rise as a superpower and its ability to navigate technological shifts.
#economicgrowth #loksabhaelections2024 #BusinessToday #RahulKanwal #populationgrowth #aiandautomation #futureofwork #technologicaladvancements #HumanMachineCollaboration
-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
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