TLDR: Sanketh Kondur, Managing Director of K2 Data Analytics, has lauded the EY report ‘The AIdea of India: 2025,’ which identifies Generative AI (GenAI) as a transformative force for India’s banking and financial services sector. The report projects substantial productivity enhancements, with financial services potentially seeing a 34-38% rise by 2030, and banking operations alone up to 46%. Kondur emphasizes India’s readiness to lead in GenAI adoption, highlighting significant industry engagement with AI projects and budget commitments.
New Delhi, India – September 3, 2025 – Sanketh Kondur, the Managing Director of K2 Data Analytics, today expressed strong approval for the findings of the latest EY research report, ‘The AIdea of India: 2025.’ Kondur hailed the report as a ‘landmark study’ that not only underscores India’s preparedness but also its potential to emerge as a global leader in the adoption of Generative AI (GenAI).
The EY report projects a significant surge in productivity across India’s financial services sector, estimating a rise of 34-38% by the year 2030. Within this, banking operations are anticipated to experience even more substantial gains, potentially reaching up to 46%.
Kondur elaborated on his perspective, stating, ‘This development is truly transformative. For decades, India’s banking and financial systems have served as pillars of stability for the national economy. With the advent of Generative AI, they are now poised to evolve into engines of accelerated growth, enhanced efficiency, and innovation. The report underscores the vast opportunities that can be unlocked through Indian talent and technological capability.’
He further highlighted that the report’s conclusions affirm the foundational work being laid by India’s technology professionals and enterprises, which is paving the way for a more innovative, efficient, and globally competitive financial ecosystem. Kondur specifically pointed to Hyderabad’s robust tech and fintech environment as being strategically positioned to contribute significantly to this AI-driven transformation, thereby solidifying India’s standing on the international innovation map.
Encouragingly, the report reveals that 74% of firms have already initiated GenAI projects, with nearly half dedicating specific budgets to AI adoption. Kondur remarked on these figures: ‘It is particularly encouraging that 74% of firms have already initiated GenAI projects, and nearly half are committing budgets to AI adoption. These are bold steps that will not only cut costs and improve customer service but also establish India as a global benchmark in the responsible use of AI. As someone who firmly believes in the power of technology to transform lives, I see this as a defining moment for India’s financial sector.’
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K2 Data Analytics, led by Kondur, specializes in providing solutions that empower businesses to enhance efficiency, productivity, and profitability, aligning with the transformative potential outlined in the EY report.
