SAP dubs India as fastest growing economy


Mumbai: Paul Marriott, president of Asia Pacific Japan at cloud software company SAP, on Monday said India’s GDP could reach Rs 30 lakh crore by 2047, driven by a stable and visionary leadership, a young talented population, a large AI and startup community and innovation across a variety of businesses. Dollar (30 trillion dollars).

Calling the country’s journey from “incredible to essential” necessary to achieve Prime Minister Narendra Modi’s goal of a ‘Developed India’ by 2047, the company’s top executive said India is the world’s fastest growing and third largest economy. There is a digitalized economy.

“With the kind of innovation we are seeing across businesses, with excellent political leadership, India can achieve a GDP target of $3 trillion by 2047, which is much higher than today,” Marriott said at a company event here. It’s 10 times.”

He stressed that businesses in the country should leverage Generative AI to expand their scale. We are making huge investments in India to equip businesses with cutting-edge technology in the age of AI.”

The company is providing solutions to Indian businesses across three key sectors: to make supply chains intelligent and sustainable, to innovate with Business AI and to contribute to the country’s growth through SMEs (Small and Medium Enterprises).

Manish Prasad, Chairman and Managing Director of SAP for the Indian Subcontinent, said that 60 percent of India’s GDP is linked to SAP in some way or the other. “As far as inclusive growth is concerned, 80 per cent of our customers in India are small and medium enterprises, which is the foundation of future growth,” he said.

The German company’s largest R&D center abroad is also in India.


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