Business News
Home > Business News
GenAI has potential to add $1.2-1.5 trillion to India's GDP by FY30: Report
TIWN
TIWN
PHOTO : TIWN
New Delhi, Dec 17 : Generative AI (GenAI) has the potential to add a cumulative $1.2-1.5 trillion to India's gross domestic product (GDP) over the next seven years, a new report showed on Sunday.
India can potentially add $359-438 billion in the FY2029-30 alone, reflecting a 5.9-7.2 per cent increase over and above baseline GDP, according to the EY India report.
Approximately 69 per cent of the overall impact is expected to be derived from sectors such as business services (including IT, legal, consulting, outsourcing, rental of machinery and equipment, and others), financial services, education, retail, and healthcare.
Add your Comment
Comments (0)
More Business News
- Indian tech leaders stand behind Ola's Bhavish in his fight against Microsoft & LinkedIn
- How volatility hit the Indian markets in last three elections
- Dell discloses data breach of some customers’ names, physical addresses
- India on the cusp of becoming a global tech powerhouse: Industry leaders
- Air India Express row: 85 flights cancelled as cabin crew members continue strike