Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom

Pune: Artificial Intelligence (AI) and data could add $450-$500 billion to India's GDP by 2025, industry body Nasscom said in a report. According to the'Unlock Value from Data and AI: The Indian Opportunity' report, this could in turn aid India's economic growth and recovery. Nasscom's action plan recommends focusing on five key areas -- strategy, data, technology stack, talent and execution. According to the report, if India acts quickly, it can become a leader in building a holistic data utilization and AI effort, especially as countries emerge from the pandemic and global economic slowdown. The action plan and report has been reviewed by industry leaders including N. Chandrasekaran, Chairman of Tata Sons; Rishad Premji, Chairman, Wipro; UB Pravin Rao, Chairman, Nasscom and Anant Maheshwari, President, Microsoft India.