Indian Economy News

Salesforce to add 5.48 lakh direct jobs in India

  • IBEF
  • October 12, 2020

Salesforce, a California-based IT firm, plans to add 5.48 lakh direct employment in India soon and sees the nation's potential to become the second largest in terms of GDP, the company's top official said on Friday. While speaking at the Raise Summit, Salesforce chief data evangelist Mr Vala Afshar said that the business would indirectly generate 13 lakh jobs in India.

Mr Afshar said, "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 jobs indirectly with our customer and partner ecosystem but directly we are going to add 548,000 new jobs in the near future".

It is estimated that Salesforce has a market capitalisation of around USD 240 billion.

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

According to the Ministry of Electronics and Information Technology, more than 79,000 stakeholders from academia, the research industry and government representatives from 147 countries participated in the summit that took place from 5-9 October.

Mr Afshar said India will soon be the most advanced, integrated society in the world.

He said data would be the answer to the economy of artificial intelligence, which is why India is likely to be a powerhouse when it comes to AI. He said India has 60 crore unique internet-connected users and has a chance in the world of USD 6 trillion consumer purchasing power in India over the next 5-6 years.

Mr Afshar said, "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".

He said India 's strength is the fact that 80 % of the population will be under the age of 44 and will be the world's most advanced interconnected society.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.