AI is expected to boost India's annual growth rate by 1.3% by 2035: NITI Aayog

According to a draft discussion paper by NITI Aayog, AI is expected to boost India's annual growth rate by 1.3% by 2035. The draft paper titled'Towards Responsible#AIForAll' has been prepared for an expert consultation which was held on 21 July 2020. It has also invited stakeholders to review the document and provide comments on or before 10 August 2020. The Indian government has been quite optimistic about the benefits that AI is going to bring for the overall growth of the country, and may even fund specific research projects in responsible AI. The draft paper suggested that India will see increased adoption of AI across government, private sectors and startup, and academia. It also highlighted various instances raising concern on the ethical use of AI.