AI to provide a $957 billion boost to Indian economy

Dec 23, 2017, 3:28 AM EST
(Source: kartzshutterbug/flickr)
(Source: kartzshutterbug/flickr)

Accenture’s report, titled Rewire for Growth, claims that artificial intelligence may inject $957 billion to the Indian economy by 2035 if the country adopts a long-term vision and action plan addressing the technical and ethical challenges facing the technology.

The rise of new AI technologies will help humans invest their time in their core field – creation, imagination and innovation – unlocking the true economic potential of the largest democracy in the world, notes The Economic Times.

India, where the size of funding for AI startups is substantially low compared to that in the U.S. and China, needs to catch up when it comes to building a favorable ecosystem for this promising technology, writes Business Today