By 2025, Artificial Intelligence is projected to increase India’s GDP by $500 billion: Report
As of February 2023, there will be about 45,000 AI job openings in India, according to a report that was made public on Monday.
According to a report released on Monday, artificial intelligence (AI) is predicted to boost India’s economy by $967 billion by 2035 and its GDP by about $450 to $500 billion by 2025, or about 10% of the country’s target of $5 trillion in GDP.
According to TeamLease Digital’s “iCET- Forces Shaping Future of Technology” report, AI is projected to contribute $15.7 trillion to the global economy by 2030.
According to the report, the global AI market is expected to reach $136 billion in 2022 and grow at a CAGR of 37% from 2023 to 2030.
The report stated that $12.3 billion in revenue was generated by AI in India in 2022 and predicted that by the end of 2025, the country’s AI software market would have grown at a CAGR of 18%.
Artificial intelligence investments soared to a record high of $77.5 billion globally in 2021, up from $36 billion in 2020. The TeamLease report also stated that 1.5% of global AI investment in 2022 came from India.
According to the report, AI is predicted to boost India’s economy by $967 billion by 2035 and by $450 to $500 billion in GDP by 2025, or 10% of the country’s target of $5 trillion in GDP.
According to the report, AI is anticipated to contribute $15.7 trillion to the global economy by 2030.
