AI will be the biggest disruptor in our lifetime: Amitabh Kant, CEO, NITI Aayog - Microsoft News Center India

By 2021, digital transformation will add an estimated USD 154 billion to India's GDP, and increase the growth rate by 1 percent annually, according to an IDC study commissioned by Microsoft. The study also predicts that approximately 60 percent of India's GDP will be derived from digital products or services by 2021. With the government's vision of becoming a USD 5 trillion economy by 2024, Amitabh Kant, CEO, NITI Aayog believes technologies like Artificial Intelligence (AI) will propel India to achieve that target and even go beyond. "Our ambition should not just be to become a USD 5 trillion economy. Instead, we should aim to become a USD 10 trillion economy in the long run, growing at 9-10 percent year after year for three decades or more, to be able to lift our young population above the poverty line. All of this is not possible without using a large amount of data, AI and Machine Learning (ML) and bringing disruption in a vast range of areas," Kant said during a fireside chat with Anant Maheshwari, President Microsoft India at the Digital Governance Tech Summit 2019 in New Delhi.