India to see 'unparalleled' economic growth for decades amid AI-led changes: Tata Sons' N Chandrasekaran

Chennai, India is witnessing a potential era of unprecedented economic expansion, even as artificial intelligence (AI), technology, and regulatory shifts transform the global landscape, according to Tata Sons Chairman N Chandrasekaran. Speaking at the Sai University convocation, Chandrasekaran emphasized that graduates were entering a rapidly evolving world brimming with opportunities and challenges.

The chairman highlighted that AI was expected to create novel sectors and possibilities that are currently unimaginable, transforming the global economic and technological landscape. While concerns about job displacement due to AI have gained prominence, Chandrasekaran stressed that the technology was also opening up fresh avenues for growth. He noted that within five years, industries currently nonexistent would emerge, and the language to describe them might not exist today.

India, Chandrasekaran asserted, is well-positioned to experience economic growth that could be unparalleled in the nation's history, a trend likely to persist for several decades. He encouraged graduates to adopt a dual approach to their careers, focusing on long-term objectives while also achieving short-term targets to maintain momentum.

Chandrasekaran advised students to continuously prepare for their careers, learning from setbacks and measuring progress against personal benchmarks rather than comparing themselves to others. Drawing a parallel with marathon running, he urged graduates to focus on their own advancement and continuous improvement.

To thrive in the changing world, Chandrasekaran outlined six essential qualities for graduates: embracing continuous learning, cultivating curiosity, fostering a spirit of collective work, nurturing creativity, engaging in self-reflection, and setting ambitious goals. He reiterated that learning must be a lifelong pursuit, even after formal education concludes.

Moreover, Chandrasekaran underscored the importance of curiosity, collaborating with professionals possessing diverse skill sets, and fostering creativity, especially in business. He stressed that creativity in business is highly valued and encouraged graduates to reflect regularly on their actions and learning processes. Concluding his address, Chandrasekaran urged graduates to aim high, think big, and approach their professional journeys with boldness and audacity.