AI Impact Summit: India to add $2 trillion in tech m-cap in next decade
Virendra Pandit
New Delhi: India is now ready to add nearly USD 2 trillion in market capitalisation through technology over the next decade, creating huge companies, which will reshape the country’s economic landscape, leading venture capital firm Accel said on Wednesday.
“India is going to add USD 2 trillion of m-cap using technology in the next decade,” Accel Partner Prayank Swaroop said during the ongoing AI Impact Summit in the national capital, the media reported.
Technology companies currently account for only 4 to 5 percent of India’s overall market capitalisation. This share could rise sharply to 15-20 percent in the next 10 years.
“This means there are going to be lots and lots of USD 100 billion companies that will get created,” Swaroop said, adding, it would be a “massive jump.”
This is an opportunity available for Indians in India, from India and for the world, he added.
Underlining the role of Artificial Intelligence (AI), Swaroop said “what we are seeing in AI today is very fast. But it’s going to get even faster in the next few years.”
He said the focus of startups and founders should be to “build for Bharat” with cost-effective solutions.
Swaroop explained how AI can bring down the cost of healthcare and education for everyone and “we are starting to invest in these businesses.”
Accel has identified some areas where a lot of value can be created as use of AI will bring down the cost of services.
He said AI has the potential to dramatically reduce the cost of services, particularly in sectors such as healthcare, education and financial planning.
“Think of (services at) Rs 100 per month — you get a teacher, a doctor, a financial planner, a banker, or even someone to talk to for mental health,” he said, adding, “There are a lot of things today which are possible with AI. Which people can create. Which are needed by India. And the customer base in India is huge.”
Founded in 1983, Accel is a global venture capital firm headquartered in Palo Alto, California. It focuses on early and growth-stage investments in technology sectors, including cloud, SaaS, consumer, enterprise, fintech, security, and AI.
Accel, which has backed several successful Indian ventures, is actively investing in businesses positioned to benefit from these trends, he said.
The firm believes that the convergence of AI, agent-based systems, robotics, and advanced manufacturing will create new opportunities for entrepreneurs, driving innovation and value creation in the country’s technology ecosystem.
“Large language models (LLMs) may have dominated the technology conversation last year, but the focus is quickly shifting to agent-based systems and, soon, to robotics,” he said.
“The curve of improvement of this technology will become even faster.”
He highlighted that several companies are scaling at remarkable speed, with some reaching revenues of USD 100-200 million in less than a year.
Swaroop emphasised that rapid growth is not limited to global markets alone.
Indian startups are also benefiting from strong investor interest and technological adoption, positioning themselves for global competitiveness.
“The good part for all of us here is that there is enough capital available in India if founders want to build businesses with it,” Swaroop said, underlining the supportive funding environment.
