New Delhi, May 13 -- Artificial intelligence (AI) could contribute more than USD 500 billion to India's economy by 2030, according to a joint study by IBM and IndiaAI, which also said businesses increasingly see AI as a key driver of the country's economic growth.

The report, 'From promise to power: How AI is redefining India's economic future', said that four in five business leaders believe AI investments will directly influence India's GDP growth, while 73 per cent expect India to emerge as a leading global AI nation by 2030.

The study, however, highlighted a major execution gap, with 72 per cent of surveyed organisations acknowledging that they are behind global peers in AI adoption. It said bridging this divide "will be pivotal in ...