New Delhi, March 8 -- Artificial Intelligence (AI) could contribute between USD 135.6 billion and USD 149.9 billion to the growth of Micro, Small, and Medium Enterprises (MSMEs) in the manufacturing sector as early as 2035. This projection, according to a PwC report titled "Unlocking the AI Edge for MSMEs," remains contingent on these enterprises accounting for 50 per cent of the nation's manufacturing value added.

The report indicates that MSMEs stand to unlock growth opportunities in the range of USD 3.13-3.21 trillion by 2047. The way forward for this is if India increases the manufacturing share of GDP to 25 per cent and MSMEs raise their contribution to manufacturing gross value added (GVA) from 35.4 per cent in FY 2023-24 to 50 per...