India’s GDP will grow by $500 billion through Artificial Intelligence

According to a report released on Monday, artificial intelligence (AI) is predicted to boost India's economy by $967 billion by 2035 and its GDP by about $450 to $500 billion by 2025, or about 10% of the country's aim of $5 trillion in GDP.AI is projected to contribute $15.7 trillion to the global economy by 2030.

The Indian economy could undergo a major transformation thanks to artificial intelligence (AI). India made considerable strides in its adoption during the past few years. To fully benefit from what AI has to offer, India must prioritize a number of areas.

India's embrace of AI and development of capabilities shows that The national AI plan of NITI Aayog calls for "AI for All" to promote inclusive growth. According to NITI Aayog, the emphasis areas for AI-led solutions for social impact include healthcare, agriculture, education, smart cities and infrastructure, and smart mobility and transportation.

The governments of Telangana, Karnataka, Tamil Nadu, and Maharashtra, among others, have declared policies and implementation strategies for AI. To develop solutions for clients around the world, technology corporations have built centers of excellence for AI.

Our skill pool in AI/ML (Machine Learning) is rapidly expanding, with more than 5,00,000 people working on these technologies at this time. India has a vibrant AI start-up ecosystem.AI will strengthen the Indian industry Nasscom projects that data and AI will boost India's GDP by $450 billion to $500 billion by 2025, or about 10% of the government's goal of a $5 trillion economy.

A projected over 20 million new technical roles will be created by the expanding AI economy, opening up work opportunities. AI can develop solutions for better governance and social impact in addition to niche solutions to specific problems that banks and other service providers are employing, such as speeding up the processing of loan applications or enhancing customer service.AI can develop more general solutions to issues that banks and other service providers are implementing, such as enhancing customer service or expediting the processing of loan applications.