Technology and Economy
Generative AI to add $359 bn-$438 bn to India's GDP by FY30
Generative AI is set to revolutionise India's economy, potentially adding up to USD438 billion to the GDP by 2030, according to RBI deputy governor Michael Patra. Key sectors like healthcare, finance, education, and manufacturing are poised to benefit from increased productivity and innovation driven by AI. However, challenges such as data privacy, ethical use, and bridging the digital divide must be addressed. With strategic investments and inclusive policies, India is well-positioned to lead globally in AI innovation, transforming industries and fostering sustainable growth.
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