Increased AI adoption can add $500-600 billion to GDP by 2035: NITI report

Accelerated adoption of Artificial Intelligence (AI) across industries can contribute $500-600 billion to India’s GDP by 2035 on the back of increased productivity and efficiency in the workforce, a NITI Aayog report said on Monday.

The report titled ‘AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth’ further said over the next decade, the adoption of AI across sectors is expected to add $17-26 trillion to the global economy.

“India’s combination of a large STEM workforce, expanding R&D ecosystem, and growing digital and technology…