Login

News on Medial

Generative AI can add cumulative $1.2-1.5 trillion to India's GDP by FY30: EY

Economic TimesEconomic Times · 11m
Generative AI can add cumulative $1.2-1.5 trillion to India's GDP by FY30: EY

According to a report by EY India, generative artificial intelligence (Gen AI) has the potential to contribute around $1.2-1.5 trillion to India's GDP over the next seven years. The report suggests that by fully capitalizing on Gen AI technology, India could add $359-438 billion to its GDP in FY2029-30 alone. Sectors such as business services, financial services, education, retail, and healthcare are expected to benefit the most from Gen AI's impact, leading to improved productivity, operational efficiency, and personalized customer engagement. However, the report highlights the challenges of skills-gap and unclear use cases that organizations currently face in harnessing the benefits of Gen AI.

4
View Source

Comments

More Like this

AI, online gaming can add up to $300 billion to India's GDP by 2026-27: Rajeev Chandrasekhar

AI, online gaming can add up to $300 billion to India's GDP by 2026-27: Rajeev Chandrasekhar

'Well done India': Top economists laud 8.2% GDP growth in FY24

'Well done India': Top economists laud 8.2% GDP growth in FY24

From investment to stock market - Gautam Adani highlighted these 4 things

From investment to stock market - Gautam Adani highlighted these 4 things

Half of government, public service organisations in India to apply Gen AI solutions in one year: EY survey

Half of government, public service organisations in India to apply Gen AI solutions in one year: EY survey

Meta teams up with IndiaAI to advance open source AI innovation, R&D, skill development

Meta teams up with IndiaAI to advance open source AI innovation, R&D, skill development

With enterprise solutions, Ema AI is making space for itself in the crowded Gen AI market

With enterprise solutions, Ema AI is making space for itself in the crowded Gen AI market

X's Grok chatbot will soon get an upgraded model, Grok-1.5

X's Grok chatbot will soon get an upgraded model, Grok-1.5

The fuel secretly powering India’s economy — GCCs

The fuel secretly powering India’s economy — GCCs

ETtech Explainer | Google’s Gemini 1.5 retools AI in challenge to rival firms

ETtech Explainer | Google’s Gemini 1.5 retools AI in challenge to rival firms

After G20 consensus, Google to export India’s digital public infrastructure

After G20 consensus, Google to export India’s digital public infrastructure

Download the medial app to read full posts, comements and news.