Posted 12/17/2023, 8:41:26 PM
Generative AI Could Boost India's GDP by Over $400 Billion by 2030, Per EY Report
- Generative AI can add $1.2-1.5 trillion to India's GDP by 2029-30
- By 2029-30 alone, GenAI can add $359-438 billion, a 5.9-7.2% GDP increase
- 69% of impact expected in business services, financial services, education, retail, healthcare
- Productivity improvements, operational efficiency, personalized customer engagement anticipated
- Industry preparedness and challenges in embracing GenAI outlined in EY report