Implications of AI on the Indian Economy

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Implications of AI on the Indian Economy

Implications of AI on the Indian Economy

Overview

AI’s transformational potential stems from its ability to lend itself to diverse range of applications across a range of sectors. The study is based on the understanding that the implications of AI can be best understood by viewing AI as a General Purpose Technology (GPT). AI as a GPT implies that AI led innovations will be reflected not only as direct contribution in any given sector, but also inspire complementary innovations and spillover benefits across the economy. The objective of this report is to estimate the impact of AI on Indian economy. The report also provides policy recommendations that can enable the sustainable growth of the AI ecosystem in India. These include actionable policy steps that are individually important to the implementation of a large-scale AI program.

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Key Findings

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