Automation in artificial intelligence has an extensive effect on the economy. Industrialists and giant companies all over the world are further adapting to the idea of automation in artificial intelligence. In India, technological progress, is the main driver of growth of GDP per capita, allowing output to increase faster than labor and capital. Technology increases productivity by decreasing the number of labor hours needed to create a unit of output. An increment in labor productivity generally translates into increases in average wages, allowing workers to cut back on work hours and to afford more goods and services.

Industrialists and giant companies all over the world are further adapting to the idea of automation in artificial intelligence. In India, technological progress, is the main driver of growth of GDP per capita, allowing output to increase faster than labor and capital. Technology increases productivity by decreasing the number of labor hours needed to create a unit of output. An increment in labor productivity generally translates into increases in average wages, allowing workers to cut back on work hours and to afford more goods and services. AI should be welcomed for its potential economic benefits.