New Delhi, May 13 -- India is entering a crucial phase in its economic transformation, with artificial intelligence (AI) expected to move from experimentation to a core driver of growth, according to a joint study by IBM Institute for Business Value and IndiaAI.
The report, titled From Promise to Power: How AI Is Redefining Indias Economic Future, released on Wednesday, estimates that AI could contribute over USD 500 billion to Indias economy by 2030, positioning the country among the leading AI-driven global economies.
At the reports launch, Ministry of Electronics & Information Technology (MeitY) Secretary S Krishnan said, India is no longer just participating in the global AI conversation, we are helping shape it. Our vision is c...