The Rise of Artificial Intelligence in the Global Economy: A Look at India’s Role and Future

Artificial Intelligence (AI) is revolutionizing the global economy, with its market size projected to reach $28.36 billion by 2030. This transformative technology is reshaping industries across the board, from healthcare to manufacturing to retail. AI isn’t just about replacing traditional methods; it’s about reimagining them and enabling companies to operate more efficiently, innovate faster, and adapt to market changes effectively.

In India, the integration of AI into business strategies is becoming a key factor in driving competitiveness and growth. Companies are leveraging AI to streamline processes, open new revenue streams, and pave the way for a more data-driven and efficient economy. As AI continues to evolve, its impact on the Indian economy is expected to grow, influencing everything from job creation to the emergence of new industries.

The government is actively addressing concerns about the negative impacts of AI and ensuring that the technology remains safe and trustworthy. Initiatives like boosting the AI ecosystem with infrastructure, promoting AI applications across sectors, and expanding AI education are driving broad socioeconomic transformation in the country.

The Financial Express Digital Bharat Economy Conclave is a platform where experts and stakeholders come together to discuss AI’s impact on India’s economy. With key figures like Minister of State of Commerce and Industry, Jitin Prasada, leading the conversation, the event aims to shed light on the opportunities and challenges presented by AI in shaping India’s digital future.

Stay tuned for more updates and insights on how AI is redefining the economic landscape of India and driving innovation across sectors. Follow us on Twitter, Instagram, LinkedIn, and Facebook for the latest updates from the event.