The AI-boost: Using more artificial intelligence will boost GDP growth - The Financial Express

A PwC study in 2017 estimated the world would gain $15.7 trillion by 2030 if artificial intelligence (AI) was adopted across nations. The study said that AI would first lead to productivity enhancement, and a major portion of gains would accrue from consumer-side effects. China, it had said, could see its GDP rising by around a fourth as it was using AI more aggressively. Although the study did not estimate how much India would gain from using AI, new research by Icrier along with Nasscom and Google shows that even a marginal increase in artificial intelligence adoption may add 2.5% to GDP in the immediate term. Moreover, it highlights that if the government spends the Rs 7,000 crore it had envisaged for the national AI programme, GDP could get boosted by as much as $86 billion.