AI integration to contribute up to $150 billion to manufacturing sector MSMEs by 2035: Report

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Artificial Intelligence (AI) could contribute between $135.6 billion and $149.9 billion to the growth of Micro, Small, and Medium Enterprises (MSMEs) in the manufacturing sector as early as 2035. This projection, according to a PwC report titled “Unlocking the AI Edge for MSMEs,” remains contingent on these enterprises accounting for 50% of the nation’s manufacturing value added.

The report indicates that MSMEs stand to unlock growth opportunities in the range of $3.13-$3.21 trillion by 2047. The way forward for this is if India increases the…



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AI integration to contribute up to $150 billion to manufacturing sector MSMEs by 2035: Report



Artificial Intelligence (AI) could contribute between $135.6 billion and $149.9 billion to the growth of Micro, Small, and Medium Enterprises (MSMEs) in the manufacturing sector as early as 2035. This projection, according to a PwC report titled “Unlocking the AI Edge for MSMEs,” remains contingent on these enterprises accounting for 50% of the nation’s manufacturing value added.

The report indicates that MSMEs stand to unlock growth opportunities in the range of $3.13-$3.21 trillion by 2047. The way forward for this is if India increases the…



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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