IBM-IndiaAI study predicts AI can boost economy by $500 billion by 2030

India is standing on the brink of a massive economic transformation, a new study by IBM and IndiaAI has found. It said that artificial intelligence (AI) is set to become the primary engine driving the nation’s growth, with the potential to add more than $500 billion to India’s GDP by the year 2030. The report, titled “From Promise to Power: How AI is Redefining India’s Economic Future,” paints a picture of a nation ready to transition from AI experimentation to full-scale national implementation.

India is a global AI powerhouse in the making

The study found that the enthusiasm among India’s corporate industry is high with 80% of business leaders believe AI investments will directly shape the country’s economic path. Furthermore, 73% of executives are confident that India will emerge as a leading global AI nation within the next four years.“India is no longer just participating in the global AI conversation; we are helping…