Børge Brende, President and CEO of the World Economic Forum, expressed optimism about India's growth and predicted it to become the third-largest economy with a GDP of $5 trillion.
He mentioned concerns about global economic growth being below trend and highlighted factors like conflicts and trade wars impacting the economy.
Brende stated that India, with its young workforce and tech-savvy population, could reach a $10 trillion economy soon, emphasizing the need for deregulation, reducing red tape, and improving infrastructure.
He also discussed the impact of AI on job markets, stating that while it might eliminate some jobs, it can create higher-value positions, with proactive AI implementation potentially boosting productivity by 10%.