Wednesday, December 1, 2021
HomelatestArtificial Intelligence to add Rs. 62 Lakh Crores to India’s GDP

Artificial Intelligence to add Rs. 62 Lakh Crores to India’s GDP

Accenture Report on Artificial Intelligence 

Posted [relativedate] at [relativetime time_format=”H:i”]

The global management consulting and professional services company, Accenture stated that more than Artificial Intelligence (AI) will contribute Rs. 62 Lakhs crores ($957 billion) to India’s GDP by the year 2035. Accenture expressed that AI will bring a revolution the way business will be carried out and will have a great impact on the society in the coming features. Following are the key excerpts from Accenture’s report:Accenture Report on Artificial Intelligence

  1. Developing technologies are contributing 1.3% to GDP annually. This contribution can go up to 15% by the year 2035.
  2. India’s GDP would be at least $6.4 trillion (or Rs. 416 Lakh crores). And AI will be contributing $957 billion (or Rs. 62 Lakh crores) to it. This means the overall GDP will amount to $7.357 trillion.
  3. To come out with this comprehensive report, Accenture has stated that it carried out surveys, discussions and took opinions Universities, Start-ups, Multinational Companies and Policy authors.
  4. Accenture also pointed out that India is lagging in the AI Research & Development among the likes of other G20 nations.

The report comes at a time when opposition parties in India are ridiculing various economic reforms and policies by the Central Government.

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