New Delhi, March 15 -- Artificial Intelligence (AI) has the potential to significantly transform India's micro, small and medium enterprises (MSMEs), unlocking economic opportunities worth over USD 3 trillion by 2047, according to a joint report by PwC India and the Observer Research Foundation (ORF).
The report "Unlocking the AI Edge for MSMEs," highlighted that India's MSMEs play a crucial role in the country's economic and industrial landscape and could emerge as a major driver of manufacturing growth with the adoption of advanced technologies such as AI.
" If India succeeds in increasing manufacturing's share of GDP to 25pc, and MSMEs raise their contribution to India's manufacturing gross value added (GVA) from 35.4pc in FY 2023-24 t...