Increased AI adoption can add $500-600 billion to GDP by 2035: NITI report

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Accelerated adoption of Artificial Intelligence (AI) across industries can contribute $500-600 billion to India’s GDP by 2035 on the back of increased productivity and efficiency in the workforce, a NITI Aayog report said on Monday.

The report titled ‘AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth’ further said over the next decade, the adoption of AI across sectors is expected to add $17-26 trillion to the global economy.

India’s combination of a large STEM workforce, expanding R&D ecosystem, and growing digital and technology…



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Increased AI adoption can add $500-600 billion to GDP by 2035: NITI report



Accelerated adoption of Artificial Intelligence (AI) across industries can contribute $500-600 billion to India’s GDP by 2035 on the back of increased productivity and efficiency in the workforce, a NITI Aayog report said on Monday.

The report titled ‘AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth’ further said over the next decade, the adoption of AI across sectors is expected to add $17-26 trillion to the global economy.

India’s combination of a large STEM workforce, expanding R&D ecosystem, and growing digital and technology…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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