Use of artificial intelligence (AI) could add USD 957 billion to the Indian economy in 2035 provided “right investments” are made in the new age technology. However, based on the current state of activity, areas of opportunities and challenges, India lags on key indicators of AI development. AI has the potential to increase India’s annual growth rate of gross value added (GVA) by 1.3 percentage points, lifting the country’s income by 15 per cent in 2035. In value terms, it expects the GVA to be about USD 7.35 trillion by then, including the AI gains. Increased spending on core AI research, facilitating ecosystem collaboration and creating opportunities for smaller players will play an important role.

(The Hindu)