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India can become 2nd largest economy, will add 548,000 jobs: Salesforce

Salesforce is estimated to have market capitalisation of around USD 240 billion

jobs | India GDP | artificial intelligence

Press Trust of India  |  New Delhi 

jobs, jobless, unemployment, economy, hiring, workers, staff, employees

California-based IT company Salesforce plans to add 5.48 lakh direct in India in near future and sees the country has potential to become the second largest in terms of GDP, a top official of the company said on Friday.

Salesforce chief data evangelist Vala Afshar while speaking at the Raise summit said that indirectly the company will create 13 lakh in India.

"I think the impact of my company in India alone is going to create billions of dollars in incremental GDP. We are going to create 1.3 million new indirectly with our customer and partner ecosystem but directly we are going to add 548,000 new jobs in the near future," Afshar said.

Salesforce is estimated to have market capitalisation of around USD 240 billion.

"In the next couple of years we are committed to training 250,000 students. Education is key to reducing digital divide," Afshar said at the summit.

More than 79,000 stakeholders from academia, the research industry and government representatives from 147 countries participated in the summit that held during October 5-9, according to the Ministry of Electronics and Information technology.

Afshar said that India will soon be the world's most advanced connected society.

He said that data is going to be key to the economy which is the reason that India is poised to be a super power when it comes to AI. He said India has 60 crore unique users connected to the internet and has an opportunity in the next 5-6 years in the world to be USD 6 trillion consumer spend power in India.

"Every 3 seconds a new person in India connects to the internet for the first time. What that means 600 million today will be over a billion unique users connected to the internet in perhaps just in the next five years. This also means that India is poised to be the second largest GDP in the world only behind China and ahead of the US," Afshar said.

He said that the power of India is the fact that 80 per cent of the population will be under the age of 44, and it will be the most advanced connected society in the world.

"One-sixth of humanity is in India. Data will fuel AI hub vision that you have in terms of expanding to the world," Afshar said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, October 09 2020. 23:42 IST