Artificial Intelligence (AI) contributes $957 billions in Indian GDP by 2035
American tech major Accenture has said artificial intelligence (AI) alone will contribute a whopping USD 957 billion to the gross domestic product by 2035 when the domestic economy is slated to touch the USD 10 trillion-mark by many estimates.The report said the emerging technological area will add 1.3% to the economy per annum, which will lift up the national income by 15% by 2035. According to Accenture's baseline projection, India will a USD 6.4 trillion economy by 2035, and AI will add another USD 957 billion to, taking the overall size of the economy to USD 7.355 trillion.
Prime Minister's Economic Advisory Council chairman Bibek Debroy pegged the economy to grow to USD 6.5-7 trillion by 2030, and further grow up to USD 10 trillion by 2040, from the present USD 2.4 trillion.
Exam point: Base year for calculating GDP is 2011-12
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