Christoph Schweizer, CEO of Boston Consulting Group (BCG), says India is well-positioned to emerge as a global leader in artificial intelligence (AI) and sees a bright economic future for the country. Speaking at The Economic Times World Leaders Forum, Schweizer emphasized India’s potential in AI, global trade, and technological innovation.
India’s AI Advantage
Schweizer believes the impact of AI will surpass other technological shifts of recent years. “India is very well-positioned to become a real powerhouse in AI,” he said. Highlighting the country’s highly educated, tech-oriented, and adaptable workforce, he noted that this talent pool is a major strength for businesses adopting AI.
He also pointed out that Indian CEOs, family-owned businesses, and promoters are strategic in how they approach AI adoption. “If there’s a clear path to return on investment, Indian leaders are bold and fast. But when uncertain, they proceed cautiously—and rightly so,” Schweizer added.
Expanding Global Trade
India’s economic growth is expected to continue strongly, with trade playing a central role. “India is on the path to becoming a $7 trillion GDP economy by 2030. Trade will grow disproportionately in many countries in the global south, and India is one of the preeminent players,” Schweizer said.
He cited Southeast Asia, the Middle East, Japan, Korea, and the UK as key trade partners, noting that India’s engagement in global commerce is only set to increase. While some industries, like textiles, face pressures, the broader macroeconomic outlook remains positive.
Navigating Uncertainty
Schweizer acknowledged the intense challenges faced by global CEOs due to geopolitical disruptions, technological advances, and the ongoing effects of the pandemic. “CEOs everywhere are adjusting to constant uncertainty. The next three to five years are unlikely to be smooth sailing,” he said.
For BCG, these uncertainties have led to increased scenario planning and simulation across multiple domains. Schweizer advised leaders to focus on three strategies to navigate turbulent times:
Control what you can: Ensure efficiency, strong cost management, and financial flexibility.
Prepare for change: Anticipate disruptions and engage in scenario planning.
Stay nimble: Avoid rigid supply chains and inflexible capital deployment to adapt quickly to market shifts.
Leading in Technology and Sustainability
On technology, AI, renewable energy, and sustainability, Schweizer said India is at the forefront of BCG’s work. The country’s proactive approach and readiness to innovate make it a key player in shaping future trends across these transformative sectors.
