Impact of Artificial Intelligence on Indian Economy

• CMA (Dr.) Ashok Panigrahi*

Abstract

This study looks into how artificial intelligence (AI) is changing the managerial and economic landscape in India. The paper examines how AI impacts the GDP growth, employment prospects, productivity and other business and economic aspects of the Indian economy. It also looks at how management practises are changing as a result of AI, notably in relation to the development of new business models, improved decision-making processes, and widespread task automation. The methodology entails comprehensive research of the available literature, case studies of significant Indian businesses, and an analysis of key statistical data. The results highlight how AI has the ability to considerably boost India's economic development and also recognise the need to address talent gaps and ethical issues at the same time. Insights on the future of AI in India are highlighted in the paper's conclusion, with a focus on the necessity of talent development and strategic adoption.

Keywords

Indian Economy, Artificial Intelligence, GDP, Employment.

Ahead of Print Date : 2023-12-12