"And we expect it to contribute higher and higher", he added, while acknowledging that "our operations are not profitable".
On his maiden trip to India, Uber CEO Dara Khosrowshahi indicated that he would not go by the advice of investors like SoftBank, who want the US-based firm to scale back to countries where it already has a strong market position.
"The greatest value that we can create [in India] is to continue to invest and grow our business here, not just for India but the role it is going to play in shaping our product for the rest of the world", Khosrowshahi told reporters in New Delhi on Thurday, before attending the Global Business Summit.
He said Uber will use the profits it makes from mature markets like the U.S. and Europe to "lean into" developing markets like India.
Despite an epic defeat in China to local competitor Didi Chuxing in 2016, Uber hasn't given up its ambition to conquer the worldwide ride-sharing market.
Asked if Uber would shift course in its autonomous vehicle endeavours if a more viable alternative came up from one of the many technologies and auto companies working in this space, Khosrowshahi told indianexpress.com: "We are investing in autonomous technology towards being a catalyst, to get this technology commercial as quickly as possible".
Adnan Abidi Reuters
Uber has around 3 lakh driver partners in 29 cities in India.
On his first official visit to Asia since he became Uber CEO a year ago, Khosrowshahi said there is huge potential in the region thanks to a big population and fast internet user growth.
Uber has previously said that it would like to launch its first flying taxi service in Dallas, Dubai, and Los Angeles in 2020 on a trial basis. He also downplayed any suggestion investor Soft-Bank may have made about Uber exiting unprofitable markets.
Khosrowshahi said that a decade from now he expects 80 percent of growth at Uber to be organic and some through acquisitions. "We as a company need to have a balanced profile in terms of growth and investment".
He said that while developed markets like the United States will continue to get investments and will be profitable there is a need to actively invest in markets like India and Latin America, too, because of the sheer size.
At the Niti Aayog event, he said immigration was at the core of the US success story, criticising US President Donald Trump for wanting to restrict the flow of people. The American dream is something that everyone understands around the world. "I am hoping over time our country returns to its roots that is to welcome folks who want to come, welcome folks who want to work hard", he said. I was incredibly lucky to get to America at a time when immigrants were welcome. I feel lucky to be an American. If you look at the Indians who are leading tech companies, such as Satya Nadella and Sundar, it's fascinating.