AI set to power $550-bn growth engine for India
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Davos: Artificial intelligence (AI) has the potential to contribute $550 billion to five priority sectors -- agriculture, education, energy, healthcare and manufacturing -- in India by 2035 at a nominal level, positioning the country as a potential global benchmark for how emerging economies can deploy AI in a manner that is both transformative and equitable, said a PwC India report released at the World Economic Forum’s (WEF) annual meeting here on Friday. The report showed that AI can be a driver of sectoral growth, from boosting crop productivity and reducing agri-waste to improving school governance, cutting power theft, accelerating disease detection, and enhancing manufacturing quality.
Real world pilots already demonstrate this potential: AI enabled crop advisories delivered double digit efficiency gains, smart metering flagged high accuracy theft cases, and AI driven TB detection improved notification rates dramatically.
