AI could add over $500 bn to India’s economy by 2030: IBM-IndiaAI study
India is entering a defining phase in its economic transformation as artificial intelligence (AI) is set to move beyond experimentation to become a foundational force powering national growth, according to a new study by the IBM Institute for Business Value and IndiaAI. The research reveals that AI could contribute more than $500 billion to India’s economy by 2030, positioning the country among the world’s most dynamic AI-driven economies.
Titled ‘From promise to power: How AI is redefining India’s economic future’, the study underscores a powerful convergence of ambition and urgency: four in five business leaders believe AI investments will directly influence India’s GDP growth, while 73% expect India to emerge as a leading global AI nation by 2030.
Looking ahead, the research also reveals a critical inflection gap as 72% of surveyed organisations acknowledge they are behind global peers in AI adoption. Bridging this divide between ambition and execution...
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