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Nikhil Kamath · @nikhilkamathcio

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People Wtf Ajay Banga

I appeared on the People by WTF episode with Ajay Banga (President of the World Bank Group) on 20 April 2026, where we discussed global economics, job creation, and technology trends for young Indians seeking security in an AI‑driven future.

Banga highlighted five sectors to obsess over: infrastructure, small‑holder farming (e.g., Amul), primary healthcare, tourism (India under 20 million tourists per year), and value‑added manufacturing. He sees these as high‑multipliers for job creation in emerging economies.

Regarding energy, Banga noted the World Bank is returning to nuclear after 40 years, focusing on small modular reactors (SMRs) and intends to narrow the technology slate from 6‑8 candidates to a few for scale.

On AI, he emphasized the impact of “small AI” on basic phones—apps that can diagnose a rash or recommend a Rs 25 insecticide—as more transformative for the developing world than large language models.