Impact of Artificial Intelligence in India: Debunking the Hype

India is a hub of all the hype created around Artificial Intelligence. The country receives 65% of the global IT off-shore work and 40% of global business processing work. This leaves a great potential for intelligent automation as tech experts claim that about 70% of jobs in India's formal employment sector will be automated by 2030. While these numbers may paint a pretty gloomy picture, there are financial takeaways to cheer about. On one hand, automation will escalate technology adoption across industries, economies of scale that the country offers will put it as a favourite among the global off-shore business, especially after Covid-19.